https://www.taxtmi.com/caselaws?id=462875 Customs valuation under Section 14 of the Customs Act, 1962 and Rule 10(2) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 does not permit inclusion of demurrage charges in the assessable value of imported goods. The Tribunal followed existing judicial authority and held that the explanation inserted to Rule 10(2), so far as it sought to include demurrage charges, could not support the department's valuation approach. The operative effect is that demurrage charges are excluded from assessable value for customs valuation purposes. en-us Thu, 21 Nov 2024 00:00:00 +0530 Tue, 22 Jul 2025 20:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462875 Customs valuation under Section 14 of the Customs Act, 1962 and Rule 10(2) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 does not permit inclusion of demurrage charges in the assessable value of imported goods. The Tribunal followed existing judicial authority and held that the explanation inserted to Rule 10(2), so far as it sought to include demurrage charges, could not support the department's valuation approach. The operative effect is that demurrage charges are excluded from assessable value for customs valuation purposes. Case-Laws Customs Thu, 21 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462875