2025 (1) TMI 494 - SCH - Customs

Valuation of imported goods - inclusion of royalty and the cost of advertisement incurred by the Appellant in India in assessable value - related party - Rule 10(1)(c) and Rule 10 (1)(e) of the Customs Valuation Rules 2007 - it was held by CESTAT that ' As per the stipulation in the agreement, the appellant is obliged to be responsible for sales and distribution in its territory of distribution and further to make such expenditure in consultation with the seller, does not attract the provisions of Rule 10(1)(e) of CV Rules.' HELD THAT - The view taken by the Tribunal is concurred with. Appeal dismissed.

Summary

The Supreme Court, comprising Hon'ble Justice Abhay S. Oka and Hon'ble Justice Ujjal Bhuyan, heard arguments from both parties represented by their respective counsel. The Court addressed an appeal against a decision by the Custom, Excise and Service Tax Appellate Tribunal, Bangalore. After reviewing the Tribunal's findings, the Supreme Court agreed with the Tribunal's decision. Consequently, the Court dismissed the appeal. The order included condonation of delay.