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Customs - Highlights / Catch Notes

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Valuation - determination of quantity of edible oil - it would ...


Customs to Use Ship Ullage for Edible Oil Imports Valuation, Simplifying Quantity Assessment per CBEC Recommendation.

July 21, 2017

Case Laws     Customs     AT

Valuation - determination of quantity of edible oil - it would not be practical for customs officers to have the dip measurement of the quantity received in refinery in their presence for the purposes of arriving at actually received quantity. It is for this reason only that the CBEC in its wisdom has advised that in such cases, only the ship ullage quantity will continue to be adopted as the quantity imported for the purposes of assessment.

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