1998 (9) TMI 177 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai upheld the order adding interest paid on goods for deferred payment to the assessable value of imported goods. The appellant's claim that the interest should not be included was rejected as the Commissioner (Appeals) found it to be an integral part of the transaction value under Section 14 of the Customs Act, 1962. The appeal was rejected.