COMMNR.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 examining the inclusion of post-importation charges such as demurrage, wharfage, and stock loss. The Court held that these charges should not be included in the assessable value as they are incurred after importation, affirming the Appellate Commissioner's decision. The ruling clarified the interpretation of Section 14(1) and Section 14(1A) along with the Customs Valuation Rules, 1988, emphasizing that only pre-importation costs should be considered for customs duty assessment.