https://www.taxtmi.com/caselaws?id=208718 Bulk liquid cargo imported on an ad valorem duty basis is to be assessed on invoice price, not on shore tank measurement, where the Board circular so provides. The circular treats invoice value as the proper assessable value for bulk liquid cargo even if quantity is ascertained through shore tank receipt or out-turn report. The lower appellate authority also relied on precedent and noted that the importer had paid the supplier in full without claiming compensation for short supply, supporting invoice value as the assessment basis. The Tribunal record reflects that the issue was accepted as covered against the appellant, and assessment on invoice price was upheld. en-us Wed, 27 Apr 2011 00:00:00 +0530 Fri, 27 Jan 2012 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208718 Bulk liquid cargo imported on an ad valorem duty basis is to be assessed on invoice price, not on shore tank measurement, where the Board circular so provides. The circular treats invoice value as the proper assessable value for bulk liquid cargo even if quantity is ascertained through shore tank receipt or out-turn report. The lower appellate authority also relied on precedent and noted that the importer had paid the supplier in full without claiming compensation for short supply, supporting invoice value as the assessment basis. The Tribunal record reflects that the issue was accepted as covered against the appellant, and assessment on invoice price was upheld. Case-Laws Customs Wed, 27 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208718