Dear Experts,
We have imported coal. The Bill of Entry was filed and assessed based on transaction value. Later on we have paid demurrage to the supplier.
It appears that we need to pay duty on the demurrage, being additional consideration.
Whether, the customs shall issue a revised Bill of Entry?
Whether we need to submit the revised Bill of Entry to the Bank(Authorised Dealer) towards proof of import at the time of remittance of amount of demurrage?
Thank You.
Best Regards,
Shyam
Clarification on including demurrage in customs value: Ship demurrage excluded, port demurrage included in reassessment of import duty. A query was raised regarding the reassessment of a Bill of Entry for imported coal, initially assessed based on transaction value. The importer later paid demurrage to the supplier and questioned if duty must be paid on this additional consideration and whether a revised Bill of Entry is necessary. The response clarified that if the demurrage is for the ship, it need not be included in the customs assessable value. However, if it pertains to port demurrage, it should be incorporated into the customs assessable value. (AI Summary)
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