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Customs Circular No-
05/2006 dated 12.1.2006
Includibility of ship demurrage charges in the assessable value – decision taken
in the Chief Commissioners of Customs Conference on Valuation held at Mumbai on
1.10.05 and Board meeting dated 28.11.2005.
Attention is invited to the Board letter issued vide F.No.467/01/2002-Cus.V,
dated 20th October 2004 (copy enclosed) on the above subject, wherein, it was
conveyed that in light of the decision of the Board to file review petition
before the Supreme Court of India, in the case of M/s. Indian Oil Corporation
[2004(165) ELT (SC)], all importations prior to 02.03.2001 may be kept
provisional.
2. Now, in view of the Department’s Review Petition in the case of Commissioner
of Customs, Calcutta, Vs. Indian Oil Corporation Limited being dismissed by the
Hon’ble Supreme Court, all pending provisional assessments in respect of
importation prior to 02.03.2001 may be finalized accordingly.
3. With regard to period after 02.03.2001, the matter is under consideration and
clarification shall be issued in due course.
4. Receipt of the Circular may please be acknowledged.
F.No.467/79/2005-Cus.V
(S.P.RAO)
Under Secretary to the Government of India.