2024 (2) TMI 1034 - SCH - Customs

Valuation - seeks to include the demurrage charges in the value of the imported goods for the purpose of assessment of custom duty - entire case based on explanation added to Rule 10 of Custom Valuation Rules 2002 - Tribunal held that the demurrage charges cannot be included in the transaction value of imported goods - explanation to Rule 10 to Customs Valuation Rules was held ultra virus - HELD THAT - Delay condoned. Owing to the low tax effect involved in this appeal we are not inclined to interfere in the matter. The appeal is hence dismissed.

Summary

The Supreme Court dismissed the appeal due to low tax effect, but left the question of law open for future cases. Delay was condoned, and pending applications were disposed of.