https://www.taxtmi.com/caselaws?id=258762 A Supreme Court decision on customs valuation held that delegated rules must follow the actual price or transaction value principle under Section 14 of the Customs Act. The 1990 amendment to proviso (ii) to Rule 9(2), which required a 1% FOB addition for loading, unloading and handling charges even when actual charges were ascertainable, was treated as inconsistent with the parent statute and Article 14. The fixed-percentage addition was upheld only as a fallback where actual charges could not be determined, and handling costs had to be based on actuals whenever objectively ascertainable. en-us Thu, 16 Apr 2015 00:00:00 +0530 Wed, 05 Aug 2015 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258762 A Supreme Court decision on customs valuation held that delegated rules must follow the actual price or transaction value principle under Section 14 of the Customs Act. The 1990 amendment to proviso (ii) to Rule 9(2), which required a 1% FOB addition for loading, unloading and handling charges even when actual charges were ascertainable, was treated as inconsistent with the parent statute and Article 14. The fixed-percentage addition was upheld only as a fallback where actual charges could not be determined, and handling costs had to be based on actuals whenever objectively ascertainable. Case-Laws Customs Thu, 16 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258762