https://www.taxtmi.com/caselaws?id=755860 CESTAT Kolkata allowed the appellant's appeal regarding refund of excess customs duty on iron ore export. The appellant exported 15,000 MT iron ore to China under provisional assessment, paying duty at Rs. 300/- PMT based on 63.22% Fe content on DMT basis. Following SC precedent and Customs Circular 04/2012, Fe content determination shifted to WMT basis. Certificate showed actual Fe content at 58.61% WMT, below 62% threshold under Notification 62/2007, attracting lower duty rate of Rs. 50/- PMT. Matter remanded to adjudicating authority for final assessment and refund processing of excess duty paid. en-us Fri, 19 Jul 2024 00:00:00 +0530 Fri, 19 Jul 2024 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755860 CESTAT Kolkata allowed the appellant's appeal regarding refund of excess customs duty on iron ore export. The appellant exported 15,000 MT iron ore to China under provisional assessment, paying duty at Rs. 300/- PMT based on 63.22% Fe content on DMT basis. Following SC precedent and Customs Circular 04/2012, Fe content determination shifted to WMT basis. Certificate showed actual Fe content at 58.61% WMT, below 62% threshold under Notification 62/2007, attracting lower duty rate of Rs. 50/- PMT. Matter remanded to adjudicating authority for final assessment and refund processing of excess duty paid. Case-Laws Customs Fri, 19 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755860