https://www.taxtmi.com/caselaws?id=795403 Separately settled demurrage for vessel delay, paid outside the letter-of-credit payment for imported goods, does not form part of the price actually paid or payable and is excluded from transaction and assessable value. Adding such charges could produce differing valuations for goods supplied under the same contract. Differential customs duty cannot be confirmed under a valuation provision not invoked in the show cause notice, particularly where that provision had been declared ultra vires. Extended limitation for customs duty requires evidence of deliberate suppression and intent to evade duty; mere allegations do not suffice. Consequently, the demand was unsustainable and the notice was time-barred. en-us Fri, 10 Jul 2026 00:00:00 +0530 Wed, 22 Jul 2026 08:48:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795403 Separately settled demurrage for vessel delay, paid outside the letter-of-credit payment for imported goods, does not form part of the price actually paid or payable and is excluded from transaction and assessable value. Adding such charges could produce differing valuations for goods supplied under the same contract. Differential customs duty cannot be confirmed under a valuation provision not invoked in the show cause notice, particularly where that provision had been declared ultra vires. Extended limitation for customs duty requires evidence of deliberate suppression and intent to evade duty; mere allegations do not suffice. Consequently, the demand was unsustainable and the notice was time-barred. Case-Laws Customs Fri, 10 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795403