Ship Demurrage Charges not includible in Transaction Value of Imported Goods: CESTAT

C.C. Ahmedabad Vs Reliance Industries Limited (CESTAT Ahmedabad) Introduction: In a recent order by CESTAT Ahmedabad, the controversy of whether ship demurrage charges should be included in the transaction value of imported goods was settled in favor of Reliance Industries Limited. This article provides an in-depth analysis of the case, highlighting the key arguments and the precedent set by the Hon’ble Orissa High Court. Detailed Analysis: The core issue revolved around the inclusion of ship demurrage charges in the transaction value of imported goods for the purpose of custom duty assessme...