https://www.taxtmi.com/caselaws?id=97555 The Tribunal ruled in favor of M/s. Binani Zinc in eight appeals against customs duty demands by the Commissioner (Appeals), Cochin. The dispute revolved around transit loss deductions in the valuation of Zinc Concentrate imported by the appellants. The Tribunal held that duty should be based on the transaction value agreed upon with the foreign supplier, including deductions for transit loss and moisture content. As the Department did not contest the transaction value, the Tribunal set aside all orders and directed duty payment based on the contract value, emphasizing honoring international trade contract terms. en-us Fri, 07 Jul 2000 00:00:00 +0530 Tue, 17 Jan 2012 12:13:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97555 The Tribunal ruled in favor of M/s. Binani Zinc in eight appeals against customs duty demands by the Commissioner (Appeals), Cochin. The dispute revolved around transit loss deductions in the valuation of Zinc Concentrate imported by the appellants. The Tribunal held that duty should be based on the transaction value agreed upon with the foreign supplier, including deductions for transit loss and moisture content. As the Department did not contest the transaction value, the Tribunal set aside all orders and directed duty payment based on the contract value, emphasizing honoring international trade contract terms. Case-Laws Customs Fri, 07 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97555