M/S. Ispat Industries Ltd vs Commissioner Of Customs,Mumbai

The Supreme Court addressed the interpretation of 'place of importation' under Section 14 of the Customs Act, 1962, and the applicability of Rule 9 of the Customs Valuation Rules, 1988. The Court held that the place of importation is determined by where the goods are discharged from customs control, which in this case was the Bombay Floating Light (BFL), not the Dharamtar Jetty. Consequently, the freight charges incurred for transportation from BFL to Dharamtar were not to be included in the assessable value for duty calculation, leading to the appeal being allowed in favor of the appellant.