Exclusion of Know-How Fees from Assessable Value in Customs Valuation Rules

Indian Oil Corporation Ltd Vs Commissioner of Customs (CESTAT Kolkata) Fees for know-how was not required to be added to assessable Value of Imported Goods in terms of Customs Valuation Rules Conclusion: Charges of Know How agreement were not required to be added to the assessable value of imported goods in terms of Customs Valuation Rules, 1988 as there was no technical know-how fees attributable towards post import related/associated acts and activities and thereby no case arose for scaling up the assessable value with the inclusion of the royalty charges. Held: Assessee entered into a contr...