https://www.taxtmi.com/caselaws?id=769899 Declared export transaction value for iron ore fines cannot be rejected unless substantive evidence shows extra consideration or another valid ground for rejection under section 14(1) of the Customs Act, 1962. The final invoice, sale terms and Bank Realisation Certificate supported the declared value, and there was no material indicating payment beyond invoice price. The chemical report relied on by revenue was defective because it did not state moisture content or whether Fe content was tested on wet or dry basis, while the authorised inspection report recorded moisture content and aligned with the legally prescribed method. Fe content for export duty assessment of iron ore must be determined on Wet Metric Ton basis where required by law. en-us Wed, 30 Apr 2025 00:00:00 +0530 Sat, 03 May 2025 08:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769899 Declared export transaction value for iron ore fines cannot be rejected unless substantive evidence shows extra consideration or another valid ground for rejection under section 14(1) of the Customs Act, 1962. The final invoice, sale terms and Bank Realisation Certificate supported the declared value, and there was no material indicating payment beyond invoice price. The chemical report relied on by revenue was defective because it did not state moisture content or whether Fe content was tested on wet or dry basis, while the authorised inspection report recorded moisture content and aligned with the legally prescribed method. Fe content for export duty assessment of iron ore must be determined on Wet Metric Ton basis where required by law. Case-Laws Customs Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769899