https://www.taxtmi.com/caselaws?id=375628 Ship demurrage charges were not includible in the assessable value of imported goods for the period up to 09.10.2007 because the Customs (Valuation) Rules, 1988 contained no express provision authorising such addition. The later Customs (Valuation) Rules, 2007 introduced an explicit provision for inclusion only from 10.10.2007, confirming that the earlier regime did not permit it. The position was aligned with section 14(1) of the Customs Act, 1962, under which demurrage is not part of the intrinsic value of imported goods absent a specific valuation rule. Reassessment was directed without adding demurrage. en-us Wed, 12 Dec 2018 00:00:00 +0530 Fri, 22 Feb 2019 06:11:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375628 Ship demurrage charges were not includible in the assessable value of imported goods for the period up to 09.10.2007 because the Customs (Valuation) Rules, 1988 contained no express provision authorising such addition. The later Customs (Valuation) Rules, 2007 introduced an explicit provision for inclusion only from 10.10.2007, confirming that the earlier regime did not permit it. The position was aligned with section 14(1) of the Customs Act, 1962, under which demurrage is not part of the intrinsic value of imported goods absent a specific valuation rule. Reassessment was directed without adding demurrage. Case-Laws Customs Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375628