Conversion of Foreign Run Vessels to Coastal run Vessels-Customs Duty collection on Ship Stores consumed during Coastal-Reg

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..... 23/56/2023-AP Date: 12.01.2024 PUBLIC NOTICE No. 02/2024 Subject: Conversion of Foreign Run Vessels to Coastal run Vessels-Customs Duty collection on Ship Stores consumed during Coastal-Reg ***** Attention of all Importers, Exporters, CHAs and members of the trade is invited to Circular No 58/97 dated 06.11.1997 issued by the Central Board of Indirect Taxes & Customs, New Delhi on the above s .....

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..... a (FEDSAI) have observed that HPCL export sale price which is taken as base price for provisional assessment of Bill of Entry and subsequently finalization of subject Bills of Entry on the consumed quantity of ship stores is not proper. 5. Keeping in view the Orders of the Commissioner(Appeals), the following guidelines are being laid down while doing provisional Assessment under section 18 of th .....

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..... d under Rule 4 or 5 for any reason. In case the ship owner/agent does not agree with the proposed valuation, principles of natural justice shall be followed while finalising all such provisional assessments. (iii) Quantification of bunker is to be calculated from Foreign run to Coastal run, as per Board's Circular No 58/1997 dated 06.11.1977. (iv) The final Assessment of Bills of Entry to .....

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