https://www.taxtmi.com/caselaws?id=351651 The Appellate Tribunal CESTAT Hyderabad ruled in multiple appeals concerning the finalization of provisionally assessed shipping bills for exported iron ore fine. The Tribunal emphasized the importance of determining the transaction value based on actual payment or payable price, rather than solely relying on the Bank Realization Certificate. It clarified that the transaction value should consider various factors, including moisture content, and upheld the significance of transaction value in duty calculation. The Tribunal set aside the lower authorities' decisions, citing established legal principles and precedents, and allowed the appeals. en-us Tue, 12 Sep 2017 00:00:00 +0530 Wed, 29 Nov 2017 07:32:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351651 The Appellate Tribunal CESTAT Hyderabad ruled in multiple appeals concerning the finalization of provisionally assessed shipping bills for exported iron ore fine. The Tribunal emphasized the importance of determining the transaction value based on actual payment or payable price, rather than solely relying on the Bank Realization Certificate. It clarified that the transaction value should consider various factors, including moisture content, and upheld the significance of transaction value in duty calculation. The Tribunal set aside the lower authorities' decisions, citing established legal principles and precedents, and allowed the appeals. Case-Laws Customs Tue, 12 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351651