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of <h1>India Revises Customs Duty Assessment for Bulk Liquid Cargo; Relies on Shore Tank Quantity or Ship's Ullage Report.</h1> The circular issued by the Ministry of Finance, Government of India, addresses the assessment of bulk liquid cargo for customs purposes. Following a Supreme Court judgment, the Board has decided to rescind previous circulars from 2002 and 2006. For bulk liquid cargo imports, customs duty will be based on the shore tank receipt quantity, regardless of the duty type. If the cargo is cleared directly without shore tank storage, assessment will rely on the ship's ullage survey report. Any implementation issues should be reported to the Board promptly.
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