https://www.taxtmi.com/caselaws?id=753102 The Tribunal ruled in favor of the appellant, determining that the Iron Ore fines should not be reclassified as Iron Ore lumps, as the lumps were not intentionally mixed but resulted from involuntary processes. Consequently, the demand for differential Customs duty was deemed unsustainable. Additionally, the Tribunal upheld the transaction value for the exported Iron Ore, finding no basis to reject it, as it was consistent with negotiated parameters and confirmed at the receiver's port. The appeals were allowed on both classification and valuation issues, rejecting the additional duty demand. en-us Thu, 29 Feb 2024 00:00:00 +0530 Sat, 25 May 2024 08:08:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753102 The Tribunal ruled in favor of the appellant, determining that the Iron Ore fines should not be reclassified as Iron Ore lumps, as the lumps were not intentionally mixed but resulted from involuntary processes. Consequently, the demand for differential Customs duty was deemed unsustainable. Additionally, the Tribunal upheld the transaction value for the exported Iron Ore, finding no basis to reject it, as it was consistent with negotiated parameters and confirmed at the receiver's port. The appeals were allowed on both classification and valuation issues, rejecting the additional duty demand. Case-Laws Customs Thu, 29 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753102