TMI BlogAssessment of Bulk Liquid Cargo Ship Ullage Report vs. Shore Tank receipt ref. Circular No.96/2002-Customs, dated 27.12.2002X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 of bulk liquid car ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 05 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, quantity determined during the shore tank measurement sho ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... may be referred to only in respect of cases where the Customs duty is leviable at specific rate. All pending provisional assessment should be finalized accordingly. 5. Circular No.96/2002-Customs, dated 27 th December 2002 stands amended to the extent as above. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagemen ..... X X X X Extracts X X X X X X X X Extracts X X X X
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