The Commissioner Of Customs Chennai vs M/S. Yeses International

The Supreme Court addressed the assessable value of imported goods under Section 14 of the Customs Act, 1962, specifically interpreting sub-sections (1) and (1A). The Court held that post-importation charges such as demurrage, wharfage, and stock loss are not to be included in the assessable value, as they do not form part of the price at which goods are sold for delivery at the time of importation. The appeal by the Revenue was dismissed, affirming the Tribunal's decision that these charges were improperly included in the valuation.