https://www.taxtmi.com/caselaws?id=762652 CESTAT Kolkata held that demurrage charges cannot be included in assessable value for Custom Duty calculation. Following Orissa HC precedent in appellant company case, the tribunal noted that while the Customs Valuation Rules include various costs like transportation, insurance, and handling charges, demurrage was specifically excluded from the legislative framework. The tribunal set aside the lower authority's order confirming Custom Duty, interest, and penalty, ruling that demurrage charges fall outside the scope of assessable value determination under the Customs Valuation Rules 2007. en-us Mon, 02 Dec 2024 00:00:00 +0530 Wed, 11 Dec 2024 17:08:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762652 CESTAT Kolkata held that demurrage charges cannot be included in assessable value for Custom Duty calculation. Following Orissa HC precedent in appellant company case, the tribunal noted that while the Customs Valuation Rules include various costs like transportation, insurance, and handling charges, demurrage was specifically excluded from the legislative framework. The tribunal set aside the lower authority's order confirming Custom Duty, interest, and penalty, ruling that demurrage charges fall outside the scope of assessable value determination under the Customs Valuation Rules 2007. Case-Laws Customs Mon, 02 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762652