https://www.taxtmi.com/caselaws?id=43818 For octroi charged ad valorem, assessable value must be fixed at the moment goods enter municipal limits, and only duties or levies actually incurred or legally payable at that time can form part of the value. Customs duty that was not payable on entry, because the importer was covered by an exemption notification, could not be added merely because a future contingency might later create liability. The possibility of subsequent recovery or practical difficulty in collection did not justify including a duty not then payable in the octroi valuation. en-us Thu, 07 Jul 1994 00:00:00 +0530 Mon, 21 Jun 2010 12:50:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43818 For octroi charged ad valorem, assessable value must be fixed at the moment goods enter municipal limits, and only duties or levies actually incurred or legally payable at that time can form part of the value. Customs duty that was not payable on entry, because the importer was covered by an exemption notification, could not be added merely because a future contingency might later create liability. The possibility of subsequent recovery or practical difficulty in collection did not justify including a duty not then payable in the octroi valuation. Case-Laws Customs Thu, 07 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43818