https://www.taxtmi.com/caselaws?id=166070 The Tribunal allowed the appeal by M/s. Bharat Heavy Electricals Limited, Bombay, in a customs case regarding the admissibility of a 5% freight rebate from Shipping Lines for calculating the assessable value of imported goods under Section 14 of the Customs Act, 1962. The Tribunal determined that the rebate, linked to the significant cargo volume, was a common international trade practice and thus admissible for deduction. This decision overturned the previous ruling and granted consequential relief to the appellants. en-us Fri, 18 Mar 1983 00:00:00 +0530 Mon, 25 Aug 2014 11:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166070 The Tribunal allowed the appeal by M/s. Bharat Heavy Electricals Limited, Bombay, in a customs case regarding the admissibility of a 5% freight rebate from Shipping Lines for calculating the assessable value of imported goods under Section 14 of the Customs Act, 1962. The Tribunal determined that the rebate, linked to the significant cargo volume, was a common international trade practice and thus admissible for deduction. This decision overturned the previous ruling and granted consequential relief to the appellants. Case-Laws Customs Fri, 18 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166070