https://www.taxtmi.com/caselaws?id=446146 Declared export transaction value cannot be rejected under the Customs Act and Valuation Rules unless there is cogent evidence of extra realisation beyond the invoice value; mere assumptions drawn from shipping bill references are insufficient, so re-determination on that basis is unsustainable. Where the exported iron ore fines contained a limited percentage of lumps and a concessional notification applied for the relevant period, duty had to be assessed at 10% ad valorem and not the higher 15% rate. The order was therefore set aside on valuation, with duty to be recomputed at the correct concessional rate. en-us Tue, 07 Nov 2023 00:00:00 +0530 Mon, 27 Nov 2023 06:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446146 Declared export transaction value cannot be rejected under the Customs Act and Valuation Rules unless there is cogent evidence of extra realisation beyond the invoice value; mere assumptions drawn from shipping bill references are insufficient, so re-determination on that basis is unsustainable. Where the exported iron ore fines contained a limited percentage of lumps and a concessional notification applied for the relevant period, duty had to be assessed at 10% ad valorem and not the higher 15% rate. The order was therefore set aside on valuation, with duty to be recomputed at the correct concessional rate. Case-Laws Customs Tue, 07 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446146