https://www.taxtmi.com/caselaws?id=34868 In a high sea sale transaction, charges contractually payable by the buyer to the seller, including demurrage, facilitation, bank and survey fees, were treated as part of the sale price and held includible in the assessable value for customs duty. Non-disclosure of the final invoice and supply arrangements before assessment was treated as suppression of material facts, justifying invocation of the extended period of limitation. Confiscation of the goods was upheld, while the penalty was substantially reduced in view of the circumstances, including the possible passing on of duty burden. en-us Tue, 14 Oct 2008 00:00:00 +0530 Thu, 05 Nov 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34868 In a high sea sale transaction, charges contractually payable by the buyer to the seller, including demurrage, facilitation, bank and survey fees, were treated as part of the sale price and held includible in the assessable value for customs duty. Non-disclosure of the final invoice and supply arrangements before assessment was treated as suppression of material facts, justifying invocation of the extended period of limitation. Confiscation of the goods was upheld, while the penalty was substantially reduced in view of the circumstances, including the possible passing on of duty burden. Case-Laws Customs Tue, 14 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34868