https://www.taxtmi.com/caselaws?id=793151 For vessel classification, the controlling test is the vessel's principal design and character, not its incidental casino use or passenger certification; a vessel principally designed for pleasure or gaming falls under CTH 8903, so exemption benefits linked to passenger-vessel classification were unavailable. On valuation, only movement-related expenditure connected to transfer of the vessel from the foreign port of sale to the port of lading formed part of transaction value; pre-import services, travel, demurrage, salvage-related and Indian rupee expenses were not includible in assessable value. Confiscation under section 111(m), redemption fine and penalties under sections 114A and 112(a) were unsustainable absent wilful misdeclaration or culpable intent. en-us Wed, 08 Oct 2025 00:00:00 +0530 Tue, 09 Jun 2026 12:48:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793151 For vessel classification, the controlling test is the vessel's principal design and character, not its incidental casino use or passenger certification; a vessel principally designed for pleasure or gaming falls under CTH 8903, so exemption benefits linked to passenger-vessel classification were unavailable. On valuation, only movement-related expenditure connected to transfer of the vessel from the foreign port of sale to the port of lading formed part of transaction value; pre-import services, travel, demurrage, salvage-related and Indian rupee expenses were not includible in assessable value. Confiscation under section 111(m), redemption fine and penalties under sections 114A and 112(a) were unsustainable absent wilful misdeclaration or culpable intent. Case-Laws Customs Wed, 08 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793151