Payment of Royalty, license fee etc. as a condition of import of goods forms part of Assessable Value

M/s Fujitsu Ten India Pvt. Ltd. Vs. Commissioner of Customs (CESTAT Delhi)

“Licensed products”, means products in which the foreign company approve the appellant’s use of industrial property rights and know-how for the manufacture and sale by the appellant. The appellants are liable to pay royalty on gross sale value of the manufactured goods. Admittedly, such value includes cost of goods imported by the appellant. The lower authorities held that there is no provision for exclusion of cost of imported go

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