Royalty not related to imported goods not includible in transaction value u/r 10(1)(c) of Customs Valuation Rules

Owens Corning Industries (India) Pvt. Ltd Vs Commissioner of Customs (Seaport) (CESTAT Chennai) CESTAT Chennai held that royalty fixed at percentage of net sales is not includible in transaction value of goods imported under rule 10(1)(c) of the Customs Valuation Rules, 2007 as royalty paid is not related to imported goods. Accordingly, appeal of assessee allowed. Facts- The appellant applied for renewal of the SVB order in The Deputy Commissioner of Customs (SVB) after considering the submissions made by the Appellant passed Order-in-Original No.14237/2011 dated 21.01.2011 and held that the t...