https://www.taxtmi.com/caselaws?id=445488 Demurrage charges paid on imported goods are not includible in the assessable value for customs duty under Section 14 of the Customs Act, 1962. The valuation scheme does not treat demurrage as a permissible component of the imported goods' value, and the Explanation to Rule 10(2)(a) of the Customs Valuation Rules, 2007 was treated as beyond the scope of Section 14 and invalid to that extent. In the absence of any stay of the contrary High Court decision, that legal position was applied as binding, and the demand based on inclusion of demurrage in customs valuation was not sustainable. en-us Mon, 06 Nov 2023 00:00:00 +0530 Wed, 08 Nov 2023 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445488 Demurrage charges paid on imported goods are not includible in the assessable value for customs duty under Section 14 of the Customs Act, 1962. The valuation scheme does not treat demurrage as a permissible component of the imported goods' value, and the Explanation to Rule 10(2)(a) of the Customs Valuation Rules, 2007 was treated as beyond the scope of Section 14 and invalid to that extent. In the absence of any stay of the contrary High Court decision, that legal position was applied as binding, and the demand based on inclusion of demurrage in customs valuation was not sustainable. Case-Laws Customs Mon, 06 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445488