CAAR Refers Royalty Valuation Issue to SVB Due to Related-Party Import Examination

In re R. Stahl Private Limited (CAAR Mumbai) The Customs Authority for Advance Rulings (CAAR), Mumbai considered an application seeking an advance ruling on whether payments made towards technical know-how in the nature of royalty/licence fees should be excluded from the transaction value of imported goods under Rule 10(1)(c) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007. The applicant is an Indian company engaged in the manufacture and supply of explosion-protected electrical and electronic equipment. It is a wholly owned subsidiary of a German company and ma...