https://www.taxtmi.com/caselaws?id=270533 The Supreme Court held that demurrage charges incurred post-importation should not be included in the assessable value of imported goods for customs duty purposes. The Court relied on precedent, including Commissioner of Customs, Ahmedabad v. M/s. Essar Steel Ltd., to support its decision. Demurrage charges were deemed a post-importation event and not part of the transaction value. Consequently, the Court dismissed the appeals, emphasizing the significance of adhering to established legal precedents in determining customs duty levy assessable value. en-us Thu, 27 Aug 2015 00:00:00 +0530 Sun, 10 Jan 2016 19:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270533 The Supreme Court held that demurrage charges incurred post-importation should not be included in the assessable value of imported goods for customs duty purposes. The Court relied on precedent, including Commissioner of Customs, Ahmedabad v. M/s. Essar Steel Ltd., to support its decision. Demurrage charges were deemed a post-importation event and not part of the transaction value. Consequently, the Court dismissed the appeals, emphasizing the significance of adhering to established legal precedents in determining customs duty levy assessable value. Case-Laws Customs Thu, 27 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270533