https://www.taxtmi.com/caselaws?id=763308 CESTAT Kolkata dismissed Revenue's appeal regarding export duty assessment on iron ore fines. The tribunal held that CRCL test reports conducted on dry samples cannot determine export duty for goods exported in moist form, as Fe content must be calculated on wet basis per established precedent. NABL accredited agency reports conducted closer to export date prevail over delayed CRCL reports. Transaction value must be determined based on contractual terms with foreign buyers and load port test certificates as per CBIC circulars. No fraud or mis-declaration was established, making the original assessment invalid under Section 14 of Customs Act. en-us Wed, 04 Dec 2024 00:00:00 +0530 Mon, 16 Dec 2024 12:23:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763308 CESTAT Kolkata dismissed Revenue's appeal regarding export duty assessment on iron ore fines. The tribunal held that CRCL test reports conducted on dry samples cannot determine export duty for goods exported in moist form, as Fe content must be calculated on wet basis per established precedent. NABL accredited agency reports conducted closer to export date prevail over delayed CRCL reports. Transaction value must be determined based on contractual terms with foreign buyers and load port test certificates as per CBIC circulars. No fraud or mis-declaration was established, making the original assessment invalid under Section 14 of Customs Act. Case-Laws Customs Wed, 04 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763308