https://www.taxtmi.com/caselaws?id=754409 CESTAT Hyderabad allowed the appeal in an iron ore export case involving moisture content disputes. The Revenue assessed higher export duty based on CRCL test reports showing 4.60%-6.8% moisture content, while the appellant claimed 8%. The tribunal held that per contract clause 9 and Circular No. 12/2014-CUS, the CIQ analysis at discharge port was final and binding. Since the appellant billed and realized payment based on CIQ reports following transaction value principles, and the contract specified CIQ's finality, the assessment was set aside. The case was distinguished from Steer Overseas Pvt Ltd precedent due to different testing circumstances. en-us Fri, 21 Jun 2024 00:00:00 +0530 Sat, 22 Jun 2024 09:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754409 CESTAT Hyderabad allowed the appeal in an iron ore export case involving moisture content disputes. The Revenue assessed higher export duty based on CRCL test reports showing 4.60%-6.8% moisture content, while the appellant claimed 8%. The tribunal held that per contract clause 9 and Circular No. 12/2014-CUS, the CIQ analysis at discharge port was final and binding. Since the appellant billed and realized payment based on CIQ reports following transaction value principles, and the contract specified CIQ's finality, the assessment was set aside. The case was distinguished from Steer Overseas Pvt Ltd precedent due to different testing circumstances. Case-Laws Customs Fri, 21 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754409