https://www.taxtmi.com/caselaws?id=752576 CESTAT Hyderabad set aside customs duty assessment on iron ore fines export where authorities rejected transaction value using contemporaneous export prices. The tribunal found the reliance on contemporaneous pricing data vague, lacking consideration of quantity factors, and procedurally flawed as supporting material was not provided to the assessee. Citing SC precedent in Dhakeswari Cotton Mills case, CESTAT held contemporaneous prices cannot be adopted for assessment finalization. Matter remanded to Original Adjudicating Authority for fresh reasoned order following proper procedure. en-us Wed, 28 Feb 2024 00:00:00 +0530 Tue, 14 May 2024 01:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752576 CESTAT Hyderabad set aside customs duty assessment on iron ore fines export where authorities rejected transaction value using contemporaneous export prices. The tribunal found the reliance on contemporaneous pricing data vague, lacking consideration of quantity factors, and procedurally flawed as supporting material was not provided to the assessee. Citing SC precedent in Dhakeswari Cotton Mills case, CESTAT held contemporaneous prices cannot be adopted for assessment finalization. Matter remanded to Original Adjudicating Authority for fresh reasoned order following proper procedure. Case-Laws Customs Wed, 28 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752576