https://www.taxtmi.com/caselaws?id=445593 In bulk liquid cargo imports, customs valuation and duty are to be based on the quantity actually received in the shore tank, because duty is levied on goods imported at the time and place of importation and the valuation scheme under the Customs Act and Customs Valuation Rules must reflect the goods actually imported. The prior Supreme Court ruling and the later Board circular both supported this approach, so assessment on the invoiced quantity could not be sustained and the impugned demands failed. en-us Wed, 01 Nov 2023 00:00:00 +0530 Fri, 10 Nov 2023 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445593 In bulk liquid cargo imports, customs valuation and duty are to be based on the quantity actually received in the shore tank, because duty is levied on goods imported at the time and place of importation and the valuation scheme under the Customs Act and Customs Valuation Rules must reflect the goods actually imported. The prior Supreme Court ruling and the later Board circular both supported this approach, so assessment on the invoiced quantity could not be sustained and the impugned demands failed. Case-Laws Customs Wed, 01 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445593