Use commercial prudence while buying MEIS/SEIS scrips, says expert

The transfer of scrips must be recorded on the DGFT website in accordance with DGFT Trade Notice No. 42 dated January 11, 2019

Q. Are we required to include demurrage also in the value of imported goods for the purpose of payment of duty?

Demurrage charged by the Custodians at the ports, airports etc. are post-importation expenses that do not form part of the value of imported goods. However, as per Explanation to Rule 10(2) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007, “the cost of transport of the imported goods referred to in clause (a) includes the ship demurrage charges on charted vessels, lighterage or barge charges”. So, these elements will form part of the assessable value.

Q.