https://www.taxtmi.com/article/detailed?id=13197 Whether demurrage charges form part of the assessable value for customs duty depends on whether such charges qualify as costs or services included in the transaction value under the Customs Act and Customs Valuation Rules. The Explanation to Rule 10(2) attempted to include certain ship demurrage within transport costs, but the Orissa High Court held that demurrage is not envisaged by the principal Act and declared that Explanation ultra vires, a view followed by subsequent tribunals which declined to include demurrage in transaction value. en-us Wed, 11 Dec 2024 10:48:23 +0530 Wed, 11 Dec 2024 10:48:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13197 Whether demurrage charges form part of the assessable value for customs duty depends on whether such charges qualify as costs or services included in the transaction value under the Customs Act and Customs Valuation Rules. The Explanation to Rule 10(2) attempted to include certain ship demurrage within transport costs, but the Orissa High Court held that demurrage is not envisaged by the principal Act and declared that Explanation ultra vires, a view followed by subsequent tribunals which declined to include demurrage in transaction value. Articles Customs - Import - Export - SEZ Wed, 11 Dec 2024 10:48:23 +0530 https://www.taxtmi.com/article/detailed?id=13197