https://www.taxtmi.com/caselaws?id=754307 CESTAT Kolkata dismissed the department's appeal regarding export duty on iron ore fines. The tribunal upheld the adjudicating authority's determination that Fe content must be calculated on Wet Metric Ton basis per Board Circular No. 04/2012-Cus, not Dry Metric Ton basis as contended by the department. Applying the standard industry formula considering moisture content, the Fe content was below 58%, making export duty inapplicable. The tribunal relied on SC precedent and found no infirmity in the authority's application of the circular and formula for Fe content determination. en-us Mon, 30 Oct 2023 00:00:00 +0530 Fri, 21 Jun 2024 08:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754307 CESTAT Kolkata dismissed the department's appeal regarding export duty on iron ore fines. The tribunal upheld the adjudicating authority's determination that Fe content must be calculated on Wet Metric Ton basis per Board Circular No. 04/2012-Cus, not Dry Metric Ton basis as contended by the department. Applying the standard industry formula considering moisture content, the Fe content was below 58%, making export duty inapplicable. The tribunal relied on SC precedent and found no infirmity in the authority's application of the circular and formula for Fe content determination. Case-Laws Customs Mon, 30 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754307