Sunday, 30 August 2015

Importing goods and providing services are different transactions; their value has to be determined

Excise & Customs : Where assessee was : (a) distributing foreign TV channel in India and paying service tax; and (b) importing tapes from Channel for film certification and paying customs duty thereon, said distribution and import transaction were entirely different and therefore, share of distribution fees paid to foreign TV Channel under agreement (a) cannot be loaded in value of tapes imported under (b)

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