https://www.taxtmi.com/caselaws?id=375150 Where bunker stores remaining on a vessel converted from foreign run to coastal run were valued on the basis of an Indian IOC price list already reflecting local bunker charges, customs valuation had to follow the deductive method under Rule 7 of the Customs Valuation Rules, 1988. Rule 9(2) was not the proper basis for treating that domestic price as if it required further loading with freight, insurance and landing charges. The cited price list was accepted as reflecting the relevant local costs, so the addition of those charges was unsustainable and the differential duty demand was set aside. en-us Thu, 24 Jan 2019 00:00:00 +0530 Fri, 21 Feb 2020 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375150 Where bunker stores remaining on a vessel converted from foreign run to coastal run were valued on the basis of an Indian IOC price list already reflecting local bunker charges, customs valuation had to follow the deductive method under Rule 7 of the Customs Valuation Rules, 1988. Rule 9(2) was not the proper basis for treating that domestic price as if it required further loading with freight, insurance and landing charges. The cited price list was accepted as reflecting the relevant local costs, so the addition of those charges was unsustainable and the differential duty demand was set aside. Case-Laws Customs Thu, 24 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375150