https://www.taxtmi.com/caselaws?id=30354 Demurrage charges on imported goods were treated as not includible in assessable value for the relevant period because the later customs valuation clarification could not operate retrospectively to alter the earlier legal position. The Tribunal applied its prior ruling on the same issue and rejected retrospective application of the subsequent Board circular. As the demand itself failed, the connected penalty demands also could not be sustained, and consequential relief followed. en-us Wed, 30 Apr 2008 00:00:00 +0530 Sat, 23 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30354 Demurrage charges on imported goods were treated as not includible in assessable value for the relevant period because the later customs valuation clarification could not operate retrospectively to alter the earlier legal position. The Tribunal applied its prior ruling on the same issue and rejected retrospective application of the subsequent Board circular. As the demand itself failed, the connected penalty demands also could not be sustained, and consequential relief followed. Case-Laws Customs Wed, 30 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30354