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 Tanks as claimed by the Appellants or on transaction value based on invoice price of the overseas suppliers, as held in the...