Regarding inclusion of ship demurrage charge in Valuation of Goods

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..... f Goods. I am directed to invite your kind attention to the Board's letter issued vide F.No. 467/21/89-Customs-V, dated 14.8.1991, which states that `demurrage' and `despatch' money may not form a part of assessable value. 2. The decision of the Board was based on the then prevailing practice and a general perception of the Conference of Collectors held in April, 1991 about the nature of demu .....

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..... e Supreme Court. 4. In the circumstances, it is considered advisable to clarify that nothing contained in the earlier letter should be construed as authorizing the exclusion of any ship demurrage charges paid which are required to be included in the assessable value of goods under Section 14 of the Customs Act, 1962 interalia by virtue of Rule 9 (2) of the Customs Valuation Rules, 1988. The e .....

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