https://www.taxtmi.com/caselaws?id=291379 Notional freight could not be added to the assessable value of leftover aviation turbine fuel remaining in an aircraft tank after an international flight. The residual fuel was not carried as cargo or goods in the commercial sense, and its presence in the tank depended on operational factors rather than a freight transaction. As no actual freight element existed, Rule 10(2) of the Customs Valuation Rules, 2007 did not justify an artificial addition to value. The analysis also reflected the principle that customs valuation should, as far as possible, track actual transaction value and avoid notional additions where no relevant cost is shown to exist. en-us Thu, 28 Nov 2019 00:00:00 +0530 Wed, 02 Jun 2021 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291379 Notional freight could not be added to the assessable value of leftover aviation turbine fuel remaining in an aircraft tank after an international flight. The residual fuel was not carried as cargo or goods in the commercial sense, and its presence in the tank depended on operational factors rather than a freight transaction. As no actual freight element existed, Rule 10(2) of the Customs Valuation Rules, 2007 did not justify an artificial addition to value. The analysis also reflected the principle that customs valuation should, as far as possible, track actual transaction value and avoid notional additions where no relevant cost is shown to exist. Case-Laws Customs Thu, 28 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291379