2016 (11) TMI 86

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..... eo cars. The appellant had clearly stated before the lower authorities that the Ford Mondeo cars is not covered under the technical agreement and the inclusion of the royalty paid seems incorrect - the adjudicating authority was correct in coming to a conclusion that the amount of royalty paid cannot be included in the assessable value. Reliance placed in the decision in the case of Saregama I .....

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..... issue involved in this case is regarding the inclusion of royalty amount paid by appellant to M/s. Ford Motor Company, USA as a collaborator for the technical know-how. It is the case of the revenue that the appellant is required to include in the value the amount of royalty paid to M/s. Ford Motor Company, USA for discharge of the customs duty on the items imported i.e. Mondeo cars. We find th .....

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..... s. Ford Motor Company, USA is excluding the amount/sales of the Mondeo cars. 5. We also find from the records that the appellant had clearly stated before the lower authorities that the Ford Mondeo cars is not covered under the technical agreement and the inclusion of the royalty paid seems incorrect. The adjudicating authority has correctly come to the conclusion that the technical knowhow ag .....

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