Assessment of Bulk Liquid Cargo – Ship Ullage Report vs. Shore Tank receipt – ref. Circular No.96/2002-Customs, dated 27.12.2002

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.... Government of India Ministry of Finance Department of Revenue CBEC 12^th January, 2006 Sub: - Assessment of Bulk Liquid Cargo - Ship Ullage Report vs. Shore Tank receipt - ref. Circular No.96/2002-Customs, dated 27.12.2002. Attention is invited to the Board's Circular No.96/2002-Customs, dated 27.12.2002 on the above mentioned subject, wherein, it was conveyed that, in the case....

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....Customs Valuation held on 1st October 2005 at Mumbai.  The conference was of the view that the assessment of bulk liquid cargo should be based on invoice price, which is the price paid or payable for the imported goods, i.e., transaction value, irrespective of quantity ascertained through shore tank measurement or any other manner.  Wherever the duty is leviable at specific rate, quantit....