Imports of Motor Spirit/ High Speed Diesel assessable on actual receipt in shore tank

Bharat Petroleum Corporation Ltd Vs C.C.-Kandla (CESTAT Ahmedabad)

CESTAT Ahmedabad held that imports of Motor Spirit/ High Speed Diesel is assessable on actual receipt in shore tank and not transaction value based on invoice price of overseas supplier.

Facts-  The issue involved in the present case is that the bulk liquid cargo imports of Motor Spirit [MS, for short] ,on 22.06.2011, whether custom duty is payable on the value determined on the quantity received in Shore

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