LDT Unrelated to Assessable Value of Goods: CESTAT Quashes Differential Duty Demand

Hussain Sheth Ispat Vs Commissioner of Customs (CESTAT Ahmedabad)

Introduction: The Central Excise and Service Tax Appellate Tribunal (CESTAT) Ahmedabad has made a landmark judgment in the case of Hussain Sheth Ispat Vs Commissioner of Customs. The tribunal ruled that Light Displacement Tonnage (LDT) is not a relevant factor in determining the assessable value of imported goods, thereby quashing the differential duty demand. The ruling highlights the irrelevance of LDT when the agreed contract price between

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