https://www.taxtmi.com/caselaws?id=117747 Customs valuation in ship-breaking transactions turns on the vessel's status and the nature of the charges sought to be added. Bunker taken on board a foreign-going vessel was held dutiable once the vessel ceased to be foreign going, because duty-free entitlement ended at that point. Sump oil, treated as residual waste, was not liable to duty. Freight and insurance incurred up to the point of clearance for breaking were includible in assessable value, as they formed part of the import-related cost. Sales tax was excluded from assessable value because domestic levies are not part of the price of imported goods under the Customs Valuation Rules. en-us Tue, 07 Mar 2006 00:00:00 +0530 Tue, 26 Jun 2012 12:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117747 Customs valuation in ship-breaking transactions turns on the vessel's status and the nature of the charges sought to be added. Bunker taken on board a foreign-going vessel was held dutiable once the vessel ceased to be foreign going, because duty-free entitlement ended at that point. Sump oil, treated as residual waste, was not liable to duty. Freight and insurance incurred up to the point of clearance for breaking were includible in assessable value, as they formed part of the import-related cost. Sales tax was excluded from assessable value because domestic levies are not part of the price of imported goods under the Customs Valuation Rules. Case-Laws Customs Tue, 07 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117747