https://www.taxtmi.com/caselaws?id=343193 Credit insurance charges are includible in customs assessable value only if the insurance element relates to the imported goods and is not already part of the transaction value under Section 14 of the Customs Act, 1962 read with Rule 10 of the Customs Valuation Rules, 2007. The disputed charges were said to cover payments for goods manufactured and sold in India, not the imported goods, but the relevant policy was not verified by the authorities. The addition could not be sustained without examining the policy terms, and the matter was remanded to the adjudicating authority for verification. en-us Wed, 15 Mar 2017 00:00:00 +0530 Sat, 20 May 2017 09:05:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343193 Credit insurance charges are includible in customs assessable value only if the insurance element relates to the imported goods and is not already part of the transaction value under Section 14 of the Customs Act, 1962 read with Rule 10 of the Customs Valuation Rules, 2007. The disputed charges were said to cover payments for goods manufactured and sold in India, not the imported goods, but the relevant policy was not verified by the authorities. The addition could not be sustained without examining the policy terms, and the matter was remanded to the adjudicating authority for verification. Case-Laws Customs Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343193