Royalty for Technical know-how for Manufacture of Pantographs considered as Post Import Activity and cannot made Part of Transaction value of Customs Duty for Imported Goods: CESTAT [Read Order]

Royalty - income taxs news - income tax - CESTAT - Customs Duty - Transaction value - TAXSCAN

The Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the royalty for technical know-how for the manufacture of pantographs was a post-import activity and therefore, it cannot be part of the transaction value for the imported goods.  Schunk Metal and Carbon (India) Private Limited, the appellant assessee was importing…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here
taxscan-loader