https://www.taxtmi.com/caselaws?id=444740 The Appellate Tribunal CESTAT Ahmedabad dismissed the Revenue's appeal, affirming the Commissioner's order that demurrage charges are not to be included in the transaction value of imported goods for customs duty purposes. The Tribunal deemed the explanation to the Custom Valuation Rules as ultra vires to the Customs Act, aligning with the Orissa HC judgment and a prior Tribunal decision, thus reinforcing the legal precedent that demurrage charges are excluded from customs valuation. This decision underscores the significance of judicial discipline and adherence to established legal principles in customs duty assessments. en-us Fri, 20 Oct 2023 00:00:00 +0530 Tue, 21 Jul 2026 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444740 The Appellate Tribunal CESTAT Ahmedabad dismissed the Revenue's appeal, affirming the Commissioner's order that demurrage charges are not to be included in the transaction value of imported goods for customs duty purposes. The Tribunal deemed the explanation to the Custom Valuation Rules as ultra vires to the Customs Act, aligning with the Orissa HC judgment and a prior Tribunal decision, thus reinforcing the legal precedent that demurrage charges are excluded from customs valuation. This decision underscores the significance of judicial discipline and adherence to established legal principles in customs duty assessments. Case-Laws Customs Fri, 20 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444740