Royalty paid for technology use can’t be added to value of finished goods imported for trading

Chem Rend Chemicals Co. Pvt. Ltd. Vs Commissioner of Customs (CESTAT Bangalore) Introduction: In a significant ruling, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Bangalore addressed the intricate issue of valuation under the GST regime, particularly focusing on the inclusion of royalty payments. The case of Chem Rend Chemicals Co. Pvt. Ltd. Vs Commissioner of Customs has set a precedent, clarifying the circumstances under which royalty is considered in the valuation of imported goods under the Customs Valuation Rules, 2007. Detailed Analysis: The appellant, Chem Rend Chem...