https://www.taxtmi.com/caselaws?id=247402 The Tribunal ruled in favor of the appellant, a Public Sector Undertaking importing goods for manufacturing fertilizers and Caprolacum, in a customs duty assessment case. The Tribunal held that the assessable value for imported goods should be determined based on the USD value at the time of filing the Bill of Entry, considering exchange rate fluctuations. It emphasized adding the margin, Insurance, and LC Charges based on the USD values at the relevant filing dates. The decision highlighted the importance of considering the exchange rate prevailing at the time of filing the Bill of Entry for accurate assessment of customs duty. en-us Thu, 27 Jun 2013 00:00:00 +0530 Sat, 10 May 2014 10:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247402 The Tribunal ruled in favor of the appellant, a Public Sector Undertaking importing goods for manufacturing fertilizers and Caprolacum, in a customs duty assessment case. The Tribunal held that the assessable value for imported goods should be determined based on the USD value at the time of filing the Bill of Entry, considering exchange rate fluctuations. It emphasized adding the margin, Insurance, and LC Charges based on the USD values at the relevant filing dates. The decision highlighted the importance of considering the exchange rate prevailing at the time of filing the Bill of Entry for accurate assessment of customs duty. Case-Laws Customs Thu, 27 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247402