https://www.taxtmi.com/caselaws?id=124142 In a CESTAT, Bangalore AT valuation note, ship demurrage charges were treated as not includible in assessable value for imports made before 26-9-2006, following the Bench's earlier view. Where valuation had already been adopted on transaction value, the claimed deduction for Bottom Sludge, Water and Free Water was rejected as unsupported. War Risk Insurance Premium was treated as includible in assessable value because no legal basis for exclusion was shown. The note also records that rectification could be used to decide omitted valuation grounds on merits, resulting in partial relief on demurrage but rejection of the other deduction claim and inclusion of the insurance element. en-us Tue, 29 Jul 2008 00:00:00 +0530 Wed, 26 Sep 2012 10:16:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124142 In a CESTAT, Bangalore AT valuation note, ship demurrage charges were treated as not includible in assessable value for imports made before 26-9-2006, following the Bench's earlier view. Where valuation had already been adopted on transaction value, the claimed deduction for Bottom Sludge, Water and Free Water was rejected as unsupported. War Risk Insurance Premium was treated as includible in assessable value because no legal basis for exclusion was shown. The note also records that rectification could be used to decide omitted valuation grounds on merits, resulting in partial relief on demurrage but rejection of the other deduction claim and inclusion of the insurance element. Case-Laws Customs Tue, 29 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124142