https://www.taxtmi.com/caselaws?id=446762 CESTAT Kolkata held that transportation charges under Rule 10(b) of Valuation Rules, 2007 are not includable in assessable value for remnant ATF in aircraft fuel tanks. Following its Larger Bench decision, the Tribunal distinguished between ATF as aircraft consumable versus ATF imported as cargo for sale. Since ATF in fuel tanks is required for aircraft operation rather than transportation of goods, transportation costs need not be included in customs valuation. The duty demand, confiscation, redemption fine and penalty were set aside, allowing the assessee's appeal. en-us Wed, 22 Nov 2023 00:00:00 +0530 Mon, 11 Dec 2023 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446762 CESTAT Kolkata held that transportation charges under Rule 10(b) of Valuation Rules, 2007 are not includable in assessable value for remnant ATF in aircraft fuel tanks. Following its Larger Bench decision, the Tribunal distinguished between ATF as aircraft consumable versus ATF imported as cargo for sale. Since ATF in fuel tanks is required for aircraft operation rather than transportation of goods, transportation costs need not be included in customs valuation. The duty demand, confiscation, redemption fine and penalty were set aside, allowing the assessee's appeal. Case-Laws Customs Wed, 22 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446762