https://www.taxtmi.com/caselaws?id=114890 The constant of a vessel, comprising spare anchor, spare tail shaft, spare propeller and machine tools, was treated as movable ship equipment classifiable with the vessel under Heading 89.08 for customs assessment. As the declared light displacement tonnage did not show that the constant was already included, its inclusion in the assessable base was held not to enhance the contractual transaction value. The assessment challenge therefore failed, and the constant was correctly taken into account in the vessel's light displacement tonnage. en-us Tue, 16 Nov 2004 00:00:00 +0530 Mon, 21 May 2012 18:45:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114890 The constant of a vessel, comprising spare anchor, spare tail shaft, spare propeller and machine tools, was treated as movable ship equipment classifiable with the vessel under Heading 89.08 for customs assessment. As the declared light displacement tonnage did not show that the constant was already included, its inclusion in the assessable base was held not to enhance the contractual transaction value. The assessment challenge therefore failed, and the constant was correctly taken into account in the vessel's light displacement tonnage. Case-Laws Customs Tue, 16 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114890