https://www.taxtmi.com/caselaws?id=213857 For ad valorem imports of bulk liquid cargo, customs duty is assessed on the invoice-based transaction value where that is the contractual price and no extra consideration is shown for alleged density-related variations. The contract made the surveyor's quantity determination final and binding, and did not permit additional recovery on the basis of departmental density testing or shore tank measurements. A CBEC circular also stated that assessment should follow the invoice price paid or payable, regardless of quantity ascertained by other methods. On those facts, duty had to be levied on the invoice value and the Revenue's challenge failed. en-us Wed, 30 May 2012 00:00:00 +0530 Thu, 19 Nov 2015 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213857 For ad valorem imports of bulk liquid cargo, customs duty is assessed on the invoice-based transaction value where that is the contractual price and no extra consideration is shown for alleged density-related variations. The contract made the surveyor's quantity determination final and binding, and did not permit additional recovery on the basis of departmental density testing or shore tank measurements. A CBEC circular also stated that assessment should follow the invoice price paid or payable, regardless of quantity ascertained by other methods. On those facts, duty had to be levied on the invoice value and the Revenue's challenge failed. Case-Laws Customs Wed, 30 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213857