https://www.taxtmi.com/caselaws?id=86455 Extra freight and insurance charges arising from the grounding of the original vessel and transshipment to another vessel were not includible in customs assessable value where the declared price already reflected the normal C.I.F. value. The added expenses were exceptional and arose from an unforeseen shipping incident, rather than forming part of the ordinary freight component used in customs valuation. Customs valuation proceeds on actual freight or a recognised fixed percentage basis, so such extraordinary post-shipment charges are excluded from assessable value. en-us Fri, 05 Jan 1996 00:00:00 +0530 Wed, 24 Aug 2011 18:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86455 Extra freight and insurance charges arising from the grounding of the original vessel and transshipment to another vessel were not includible in customs assessable value where the declared price already reflected the normal C.I.F. value. The added expenses were exceptional and arose from an unforeseen shipping incident, rather than forming part of the ordinary freight component used in customs valuation. Customs valuation proceeds on actual freight or a recognised fixed percentage basis, so such extraordinary post-shipment charges are excluded from assessable value. Case-Laws Customs Fri, 05 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86455