https://www.taxtmi.com/caselaws?id=124482 The Appellate Tribunal CESTAT, Ahmedabad, held that the initial Memorandum of Agreement (MOA) setting a higher assessable value for a ship imported for breaking purposes should be considered for duty assessment, even though a subsequent agreement reduced the value. Citing the Supreme Court decision in M/s. Udayani Ship Breakers Ltd., the Tribunal emphasized that post-importation sales are domestic, not international, and the international market price reflected in the first MOA should govern duty assessment. The appeal was dismissed, affirming the importance of timing in sale agreements for imported goods' valuation. en-us Mon, 10 Nov 2008 00:00:00 +0530 Sat, 29 Sep 2012 18:34:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124482 The Appellate Tribunal CESTAT, Ahmedabad, held that the initial Memorandum of Agreement (MOA) setting a higher assessable value for a ship imported for breaking purposes should be considered for duty assessment, even though a subsequent agreement reduced the value. Citing the Supreme Court decision in M/s. Udayani Ship Breakers Ltd., the Tribunal emphasized that post-importation sales are domestic, not international, and the international market price reflected in the first MOA should govern duty assessment. The appeal was dismissed, affirming the importance of timing in sale agreements for imported goods' valuation. Case-Laws Customs Mon, 10 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124482