Repaired goods would not include remanufactured goods.
Singapore 3:
The WTO Secretariat report (WT/TPR/S/249, page 40, para 20) states that "royalties and license fees must be included in the transaction value, if not included in the price actually paid or payable". We would like to seek clarification whether in this case, royalties and license fees (which are paid separately) would be subjected, besides custom duties, to withholding taxes as well? In other words, is it India's intent to impose both custom duties and withholding taxes on royalties and licenses fees? If not, which form of taxation would prevail?
