https://www.taxtmi.com/caselaws?id=444534 The Tribunal determined that the appellant was entitled to a refund of the excess duty paid, based on the revised export price of USD 125 per MT due to the lower Fe content. The Tribunal rejected the department's appeal against the partial refund granted by the Commissioner (Appeals) and allowed the appellant's appeal, confirming the refund eligibility under the revised contract terms. The Tribunal's decision emphasized the importance of adhering to the 'transaction value' as per the Customs Act, 1962, and upheld the appellant's claim for a refund. en-us Tue, 10 Oct 2023 00:00:00 +0530 Wed, 18 Oct 2023 07:41:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444534 The Tribunal determined that the appellant was entitled to a refund of the excess duty paid, based on the revised export price of USD 125 per MT due to the lower Fe content. The Tribunal rejected the department's appeal against the partial refund granted by the Commissioner (Appeals) and allowed the appellant's appeal, confirming the refund eligibility under the revised contract terms. The Tribunal's decision emphasized the importance of adhering to the 'transaction value' as per the Customs Act, 1962, and upheld the appellant's claim for a refund. Case-Laws Customs Tue, 10 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444534