Exclude Transportation Cost from Remnant ATF in Assessable Value: CESTAT

Jet Airways India Limited Vs Commissioner of Customs (CESTAT Kolkata) Introduction: Jet Airways India Limited secures a significant victory as the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Kolkata rules in its favor on the issue of valuing remnant Aviation Turbine Fuel (ATF). The dispute centers around the inclusion of transportation costs in the assessable value of ATF, and the tribunal’s decision carries implications for the entire aviation industry. Detailed Analysis: Jet Airways operated international flights from Kolkata Airport to various destinations between Dec...