https://www.taxtmi.com/article/detailed?id=8801 The article addresses whether shipping demurrage and detention charges are includable in the assessable transaction value of imported goods. While the Valuation Rules had an explanation treating ship demurrage as transport cost, demurrage is characterized as a post arrival charge. The importer contested inclusion as beyond the statutory transaction value, and relying on an Orissa High Court decision that struck down the explanatory insertion as ultra vires, the tribunal set aside a confirmed demand where no contrary precedent was shown, holding demurrage not includable in customs valuation. en-us Wed, 30 Oct 2019 10:10:28 +0530 Wed, 30 Oct 2019 10:10:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8801 The article addresses whether shipping demurrage and detention charges are includable in the assessable transaction value of imported goods. While the Valuation Rules had an explanation treating ship demurrage as transport cost, demurrage is characterized as a post arrival charge. The importer contested inclusion as beyond the statutory transaction value, and relying on an Orissa High Court decision that struck down the explanatory insertion as ultra vires, the tribunal set aside a confirmed demand where no contrary precedent was shown, holding demurrage not includable in customs valuation. Articles Customs - Import - Export - SEZ Wed, 30 Oct 2019 10:10:28 +0530 https://www.taxtmi.com/article/detailed?id=8801