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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....Department of Revenue CBEC 12th 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 of bulk liquid cargo imports, whether for home consumpti....

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....ew 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, quantity determined during the shore tank measurement should be accepted. 4. The matter has been co....