2008 (4) TMI 624

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..... (J)]. This appeal of the Revenue is against an order of the Commissioner (Appeals) sustaining an order of the Deputy Commissioner (SVB.) which was in favour of the assessee. The assessee (present respondents) had imported leather chemicals from a German-company related to the former in terms of Rule 2(2)(v) of the Customs Valuation Rules, 1988. Under a Technology Transfer Agreement, they had .....

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..... r ocean freight, insurance and customs duties connected thereto, was expressly excluded from net sales for the purpose of payment of running royalties to the supplier of technical know-how. After correctly noting these provisions of the Agreement, the lower authorities rightly held that the payment of royalty had no relation to the imported goods and was not a condition for the import so as to a .....

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