Customs duty payable on quantity of crude oil actually received in shore tank in India

Philips Carbon Black Ltd Vs Commissioner of Customs (CESTAT Bangalore)

CESTAT Bangalore held that the quantity of crude oil actually received into a shore tank in a port in India should be the basis for payment of customs duty. Thus, customs duty needs to be calculated based on crude oil received in shore tank.

Facts- The appellant had imported Carbon Black Feed Stock Oil through Cochin Port. The assessee was issued with a letter for discharging differential duty on the value of the quantity received on which duty was paid and the transaction value of the qu

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