https://www.taxtmi.com/caselaws?id=250664 For imports made before 2.3.2001, demurrage charges and despatch money were not includible in the assessable value because the binding Board circular then in force, dated 14.8.1991, stated that such charges did not form part of valuation. Circular No. 14/2001-Cus dated 2.3.2001 could not be applied retrospectively to alter the position for the earlier period, and the Revenue could not take a stand contrary to the operative circular governing the relevant transactions. The resulting position was that these charges remained excluded from assessable value for imports made before the later circular. en-us Fri, 08 Aug 2014 00:00:00 +0530 Sat, 12 Jun 2021 09:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250664 For imports made before 2.3.2001, demurrage charges and despatch money were not includible in the assessable value because the binding Board circular then in force, dated 14.8.1991, stated that such charges did not form part of valuation. Circular No. 14/2001-Cus dated 2.3.2001 could not be applied retrospectively to alter the position for the earlier period, and the Revenue could not take a stand contrary to the operative circular governing the relevant transactions. The resulting position was that these charges remained excluded from assessable value for imports made before the later circular. Case-Laws Central Excise Fri, 08 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250664