Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
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The issue pertained to the inclusion of demurrage charges in the assessable value for payment of customs duty under the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007. The Tribunal relied on the decision of the Orissa High Court in the case of Tata Steel Ltd. and Others v. Union of India and Others, wherein the High Court held that demurrage charges are not included as part of the cost envisaged by the legislation for determining the assessable value. Consequently, the Tribunal ruled that demurrage charges cannot be included in the assessable value for payment of customs duty.
The issue pertained to the inclusion of demurrage charges in the assessable value for payment of customs duty under the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007. The Tribunal relied on the decision of the Orissa High Court in the case of Tata Steel Ltd. and Others v. Union of India and Others, wherein the High Court held that demurrage charges are not included as part of the cost envisaged by the legislation for determining the assessable value. Consequently, the Tribunal ruled that demurrage charges cannot be included in the assessable value for payment of customs duty.
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