SC dismisses Revenue's appeal; brand-promotion expenses not to be included in valuation of imported goods
Last updated: 12 August 2021
Court :
Supreme Court of India
Brief :
The Hon'ble Supreme Court of India in The Commissioner of Customs v. M/s Indo Rubber and Plastic Works [Civil Appeal No. 3685/2020 dated July 01, 2021] dismisses Revenue’s Special Leave Petition ('SLP') against the Customs Excise and Service Tax Appellate Tribunal ('the CESTAT') order which had held that marketing, advertising, sponsorship and promotional expenses/payments made by the assessee (importer) for promotion of brand is not includible in assessable of imported sports goods and thus, Rule 10(1)(e) of Customs (Determination of Price of Imported Goods) Rules, 2007 ('the Customs Valuation Rules') is not invokable.
Citation :
Civil Appeal No. 3685/2020 dated July 01, 2021
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Bimal Jain
Published in Custom
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