https://www.taxtmi.com/caselaws?id=103795 For export valuation of iron ore, freight deductible under the charter party is the full contractual freight, because assessable value turns on freight incurred and payable under the contract, not the lesser net amount remitted abroad after commission and broker deductions. Amounts retained as commission or similar charges form part of the freight structure and do not reduce the deduction from export value. On that basis, the f.o.b. value must be computed after deducting the full freight, and the refund claim based on that method is supported. en-us Wed, 28 Nov 2001 00:00:00 +0530 Fri, 24 Feb 2012 16:39:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103795 For export valuation of iron ore, freight deductible under the charter party is the full contractual freight, because assessable value turns on freight incurred and payable under the contract, not the lesser net amount remitted abroad after commission and broker deductions. Amounts retained as commission or similar charges form part of the freight structure and do not reduce the deduction from export value. On that basis, the f.o.b. value must be computed after deducting the full freight, and the refund claim based on that method is supported. Case-Laws Customs Wed, 28 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103795