https://www.taxtmi.com/caselaws?id=343921 Customs valuation of imported crude oil is based on the quantity actually received in the shore tank at the Indian port, because the taxable event is import and the bill of lading quantity does not control customs assessment. Demurrage incurred after the goods reach Indian ports is a post-importation expense and is not includible in the transaction value for customs purposes. The ratio states that only the quantity actually imported is relevant for duty, and charges arising after importation do not form part of customs valuation. en-us Thu, 04 May 2017 00:00:00 +0530 Mon, 05 Jun 2017 07:11:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343921 Customs valuation of imported crude oil is based on the quantity actually received in the shore tank at the Indian port, because the taxable event is import and the bill of lading quantity does not control customs assessment. Demurrage incurred after the goods reach Indian ports is a post-importation expense and is not includible in the transaction value for customs purposes. The ratio states that only the quantity actually imported is relevant for duty, and charges arising after importation do not form part of customs valuation. Case-Laws Customs Thu, 04 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343921