https://www.taxtmi.com/caselaws?id=46898 The SC dismissed appeals challenging the inclusion of demurrage charges in assessable value of imported goods. The Court held that CBEC circulars issued under Section 151A of the Customs Act are binding on revenue authorities, and adjudicating officers cannot act contrary to such circulars. The respondent had not wilfully mis-declared goods value as demurrage charges were wrongly included by the adjudicating officer contrary to the 1991 CBEC circular directive. The Court distinguished the Panchmahal Steel tribunal decision as ex-parte and noted it did not override the binding circular's application. en-us Tue, 17 Feb 2004 00:00:00 +0530 Mon, 07 Jul 2025 15:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46898 The SC dismissed appeals challenging the inclusion of demurrage charges in assessable value of imported goods. The Court held that CBEC circulars issued under Section 151A of the Customs Act are binding on revenue authorities, and adjudicating officers cannot act contrary to such circulars. The respondent had not wilfully mis-declared goods value as demurrage charges were wrongly included by the adjudicating officer contrary to the 1991 CBEC circular directive. The Court distinguished the Panchmahal Steel tribunal decision as ex-parte and noted it did not override the binding circular's application. Case-Laws Customs Tue, 17 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46898