https://www.taxtmi.com/caselaws?id=111640 In valuing an imported vessel, the cost of transport, handling charges and insurance from Sikka to Alang were includible in the transaction value because Alang was the place of importation for final clearance and the valuation rules required additions up to that point. The auction price alone could not be adopted as the assessable value without those statutory additions. The earlier precedent cited by the lower authority was inapplicable because it did not decide the inclusion of freight and insurance on the same issue, so the Revenue's valuation approach was sustained. en-us Wed, 10 Mar 2004 00:00:00 +0530 Tue, 24 Apr 2012 14:49:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111640 In valuing an imported vessel, the cost of transport, handling charges and insurance from Sikka to Alang were includible in the transaction value because Alang was the place of importation for final clearance and the valuation rules required additions up to that point. The auction price alone could not be adopted as the assessable value without those statutory additions. The earlier precedent cited by the lower authority was inapplicable because it did not decide the inclusion of freight and insurance on the same issue, so the Revenue's valuation approach was sustained. Case-Laws Customs Wed, 10 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111640