https://www.taxtmi.com/caselaws?id=291345 The Appellate Tribunal CESTAT Mumbai dismissed all appeals concerning the abatement of duty from the FOB price of iron ore for export duty assessment. The Tribunal upheld the principle that the FOB price represents the actual transaction value, reaffirming that it cannot be reduced by considering it as a cum-duty price. The decision reinforced adherence to established legal precedents, ensuring consistency and predictability in determining assessable values for export duties. en-us Wed, 07 Mar 2018 00:00:00 +0530 Wed, 13 Nov 2024 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291345 The Appellate Tribunal CESTAT Mumbai dismissed all appeals concerning the abatement of duty from the FOB price of iron ore for export duty assessment. The Tribunal upheld the principle that the FOB price represents the actual transaction value, reaffirming that it cannot be reduced by considering it as a cum-duty price. The decision reinforced adherence to established legal precedents, ensuring consistency and predictability in determining assessable values for export duties. Case-Laws Customs Wed, 07 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291345