Kindly clarify whether demurrage incurred (paid to Shipping companies) in connection with transportation (ie delay in taking delivery beyond the grace period) is to be offered for duty . In other words whether to be included in assessable value.
Is there any separate treatment, whether demurrage is incurred due to the importers" fault or at exporter's fault or Customs/Port fault etc
Kindly advise
REFER TO Circular No. 26/2006-CustomsDTD.26.09.2006 :
ABOUT THE Includibilty of ship demurrage charges in the assessable value.
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