https://www.taxtmi.com/caselaws?id=44403 The Supreme Court upheld the High Court's decision that the iron content in iron ore for duty calculation should include all impurities, including moisture, rather than excluding them. The Court found that considering moisture is crucial for accurate duty assessment, as it reflects the true iron content in the weighed lumpy iron ore. The Revenue's argument to exclude moisture was rejected, and the Court declined to intervene, affirming the High Court's interpretation. Consequently, the Supreme Court dismissed the appeals, maintaining the High Court's ruling on the method of determining iron content for duty calculation. en-us Wed, 09 Aug 1995 00:00:00 +0530 Fri, 30 Sep 2022 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44403 The Supreme Court upheld the High Court's decision that the iron content in iron ore for duty calculation should include all impurities, including moisture, rather than excluding them. The Court found that considering moisture is crucial for accurate duty assessment, as it reflects the true iron content in the weighed lumpy iron ore. The Revenue's argument to exclude moisture was rejected, and the Court declined to intervene, affirming the High Court's interpretation. Consequently, the Supreme Court dismissed the appeals, maintaining the High Court's ruling on the method of determining iron content for duty calculation. Case-Laws Customs Wed, 09 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44403