https://www.taxtmi.com/caselaws?id=460680 Export duty on iron ore fines must be assessed on wet metric ton basis, not dry metric ton basis, under the applicable circular. On the facts stated, the entire shipment, treated as one consignment, yielded Fe content of 57.48% on WMT basis, which remained below the 58% threshold for export duty. The argument that the shipment had been artificially split did not change the duty position once the correct WMT basis was applied. The consignment was therefore not liable to customs duty, and the corresponding demand and penalties could not be sustained. en-us Mon, 11 Mar 2024 00:00:00 +0530 Mon, 10 Feb 2025 18:57:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460680 Export duty on iron ore fines must be assessed on wet metric ton basis, not dry metric ton basis, under the applicable circular. On the facts stated, the entire shipment, treated as one consignment, yielded Fe content of 57.48% on WMT basis, which remained below the 58% threshold for export duty. The argument that the shipment had been artificially split did not change the duty position once the correct WMT basis was applied. The consignment was therefore not liable to customs duty, and the corresponding demand and penalties could not be sustained. Case-Laws Customs Mon, 11 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460680