2009 (8) TMI 986

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... oner (Appeals) has held that royalty of 3% and technical know-how fee of US$ 100,000 is to be added to the declared value of machinery such as Hydraulic Press and Air Compressor imported by the appellants from Spain under Rule 9(1)(c) of the Customs Valuation Rules, 1988. 2. We have heard both sides and carefully perused the terms of the License Agreement entered into between M/s. Earcanal S.A., .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ctured by them in India. The learned SDR has not been able to bring to our notice any clause in the relevant agreement which would establish that the payment was in relation to the imported goods. We, therefore, accept the contention of the assessees that the payments of royalty and technical know-how fee are not includible in the declared price of the goods imported, set aside the impugned order .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X