https://www.taxtmi.com/caselaws?id=756457 Fe content for export classification and duty on iron ore fines was required to be determined on a Wet Metric Ton basis, taking account of moisture content in the goods as presented for export. Applying the recognised conversion formula from dry basis to wet basis, the Tribunal found that the certificate produced for the shipment showed wet basis Fe content below 58%, bringing the goods within the nil-duty slab under the applicable exemption notification. The duty demand sustained on a dry basis could not stand, and the exported goods were not liable to export duty. en-us Fri, 02 Aug 2024 00:00:00 +0530 Sat, 03 Aug 2024 08:09:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756457 Fe content for export classification and duty on iron ore fines was required to be determined on a Wet Metric Ton basis, taking account of moisture content in the goods as presented for export. Applying the recognised conversion formula from dry basis to wet basis, the Tribunal found that the certificate produced for the shipment showed wet basis Fe content below 58%, bringing the goods within the nil-duty slab under the applicable exemption notification. The duty demand sustained on a dry basis could not stand, and the exported goods were not liable to export duty. Case-Laws Customs Fri, 02 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756457