https://www.taxtmi.com/caselaws?id=294609 Ship demurrage incurred for voyage charter vessels, whether before or after the goods reached the place of importation, was held not to form part of the assessable value under the Customs Valuation Rules. The Explanation to Rule 10(2) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 had already been struck down as inconsistent with Section 14 of the Customs Act, 1962, and demurrage was not treated as part of the statutory cost of transport for valuation purposes. The demand based on adding demurrage to the assessable value was therefore unsustainable and was set aside. en-us Mon, 15 Jul 2019 00:00:00 +0530 Fri, 23 Apr 2021 21:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294609 Ship demurrage incurred for voyage charter vessels, whether before or after the goods reached the place of importation, was held not to form part of the assessable value under the Customs Valuation Rules. The Explanation to Rule 10(2) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 had already been struck down as inconsistent with Section 14 of the Customs Act, 1962, and demurrage was not treated as part of the statutory cost of transport for valuation purposes. The demand based on adding demurrage to the assessable value was therefore unsustainable and was set aside. Case-Laws Customs Mon, 15 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294609