https://www.taxtmi.com/caselaws?id=90698 Customs valuation of imported goods may be based on the transaction value in a high seas sale concluded before importation, but only amounts forming part of the goods' value are includible under Section 14 and the Customs Valuation Rules. Wharfage charges and stock-loss expenses fall within landing charges already covered by the prescribed valuation addition and require no separate inclusion. Demurrage charges do not form part of the value of imported goods. Accordingly, these charges are excluded from the customs assessable value. en-us Tue, 12 Jan 1999 00:00:00 +0530 Mon, 10 Oct 2011 18:13:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90698 Customs valuation of imported goods may be based on the transaction value in a high seas sale concluded before importation, but only amounts forming part of the goods' value are includible under Section 14 and the Customs Valuation Rules. Wharfage charges and stock-loss expenses fall within landing charges already covered by the prescribed valuation addition and require no separate inclusion. Demurrage charges do not form part of the value of imported goods. Accordingly, these charges are excluded from the customs assessable value. Case-Laws Customs Tue, 12 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90698