https://www.taxtmi.com/caselaws?id=374877 The Tribunal upheld the Commissioner (Appeals)'s decision to accept the respondent's declared transaction value of USD 600/MT for customs duty purposes, rejecting the Revenue's appeal. The Tribunal emphasized that the transaction value should reflect the actual price paid or payable, including detention and demurrage charges. The timing of importation was deemed critical, with the taxable event occurring upon the respondent taking delivery in January 2009. A dissent between the judicial and technical members led to the matter being referred to the Hon'ble President for resolution by a Third Member. en-us Tue, 22 Jan 2019 00:00:00 +0530 Wed, 19 Jun 2019 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374877 The Tribunal upheld the Commissioner (Appeals)'s decision to accept the respondent's declared transaction value of USD 600/MT for customs duty purposes, rejecting the Revenue's appeal. The Tribunal emphasized that the transaction value should reflect the actual price paid or payable, including detention and demurrage charges. The timing of importation was deemed critical, with the taxable event occurring upon the respondent taking delivery in January 2009. A dissent between the judicial and technical members led to the matter being referred to the Hon'ble President for resolution by a Third Member. Case-Laws Customs Tue, 22 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374877