Friday, 27 June 2014

Royalty payable on materials/finished goods manufactured in India isn’t includible in value of impor

Excise & Customs : Running royalty paid on 'indigenous materials' and 'finished goods made in India' has nothing to do with imported parts, etc., as same is payable even if 100% indigenization is achieved i.e., there are NIL imports; hence, royalty is not includible in value of imported parts, etc


No comments:

Post a Comment