https://www.taxtmi.com/caselaws?id=72156 The case involved a dispute over the inclusion of demurrage charges in the assessable value for customs duty assessment. The Collector of Customs (Appeals) demanded additional duty based on demurrage charges, considering them part of freight charges. The appellants argued that demurrage charges, incurred due to exceptional circumstances, should not be part of the assessable value under Section 14 of the Customs Act, 1962. The judgment concluded that demurrage charges, related to the time charter of the vessel and not equivalent to freight charges, should not be added to the assessable value. The appeal was allowed in favor of the appellants. en-us Tue, 22 Oct 1985 00:00:00 +0530 Thu, 12 May 2011 16:46:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72156 The case involved a dispute over the inclusion of demurrage charges in the assessable value for customs duty assessment. The Collector of Customs (Appeals) demanded additional duty based on demurrage charges, considering them part of freight charges. The appellants argued that demurrage charges, incurred due to exceptional circumstances, should not be part of the assessable value under Section 14 of the Customs Act, 1962. The judgment concluded that demurrage charges, related to the time charter of the vessel and not equivalent to freight charges, should not be added to the assessable value. The appeal was allowed in favor of the appellants. Case-Laws Customs Tue, 22 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72156