https://www.taxtmi.com/caselaws?id=278849 Demurrage charges payable on imported goods were treated as relevant to assessable value under customs valuation rules, so the differential duty and interest already paid were appropriated against the admitted liability and no further amount survived. Non-disclosure of the demurrage charges was treated as creating liability to confiscation, but because the goods had not been seized, no redemption fine was imposed. In view of the prior payment, disclosure and cooperation, no penalty was imposed and immunity from prosecution was granted under the settlement scheme. en-us Fri, 29 Sep 2017 00:00:00 +0530 Sat, 23 Feb 2019 08:47:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278849 Demurrage charges payable on imported goods were treated as relevant to assessable value under customs valuation rules, so the differential duty and interest already paid were appropriated against the admitted liability and no further amount survived. Non-disclosure of the demurrage charges was treated as creating liability to confiscation, but because the goods had not been seized, no redemption fine was imposed. In view of the prior payment, disclosure and cooperation, no penalty was imposed and immunity from prosecution was granted under the settlement scheme. Case-Laws Customs Fri, 29 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278849