Royalty and licence fees paid by Xiaomi India is includible in transaction value

Xiaomi Technology India Pvt. Ltd. Vs Principal Commissioner of Customs (CESTAT Chennai) CESTAT Chennai held that royalty and licence fees paid by Xiaomi India under exclusive agreement is includible in the transaction value as per section 14 of the Customs Act, 1962 read with rule 10(1)(c) of the Customs Valuation Rules. Accordingly, differential duty confirmed. Facts- The intelligence gathered by the officers of the Delhi Zonal Unit of the Directorate of Revenue Intelligence, indicated that M/s. Xiaomi Technology India Pvt. Ltd. (Xiaomi India) based at Bengaluru was allegedly evading customs...