Home Case Index All Cases Customs Customs + AT Customs - 2007 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2007 (10) TMI 201 - AT - CustomsImport of Super Kerosene Oil & LPG – In IOC case Tribunal held that demurrage is not includable in the assessable value which was upheld by SC - amendment by circular dated Sept. 26, 2006 can’t be given retrospective effect – once there is a CIF contract which includes the freight, no further addition can be made to the freight - demurrage can’t be considered as cost of transportation - for the relevant period (Oct. 99 to Nov. 2004) we cannot hold demurrage would be includable in AV
|