https://www.taxtmi.com/caselaws?id=373668 The Tribunal decided in favor of the Revenue regarding the determination of the assessable value of Iron Ore Fines, ruling that duty should be assessed based on the FOB price for goods exported after 1-1-2009. On the issue of calculating duty on 'Wet Weight' or 'Dry Weight' basis for export goods, the Tribunal sided with the Assessee/Respondent, determining that duty should be based on 'Dry Weight' criteria as per agreements with overseas purchasers. The Tribunal disposed of the Revenue's appeals and stay petition accordingly. en-us Mon, 14 May 2018 00:00:00 +0530 Fri, 18 Jan 2019 07:58:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373668 The Tribunal decided in favor of the Revenue regarding the determination of the assessable value of Iron Ore Fines, ruling that duty should be assessed based on the FOB price for goods exported after 1-1-2009. On the issue of calculating duty on 'Wet Weight' or 'Dry Weight' basis for export goods, the Tribunal sided with the Assessee/Respondent, determining that duty should be based on 'Dry Weight' criteria as per agreements with overseas purchasers. The Tribunal disposed of the Revenue's appeals and stay petition accordingly. Case-Laws Customs Mon, 14 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373668