https://www.taxtmi.com/caselaws?id=775657 A composite export consignment of iron ore fines with a limited lump component could not be artificially split for higher customs duty where the dominant character remained fines and the contractual tolerance formed part of the commercial arrangement. The declared export transaction value also could not be rejected merely on contemporaneous export prices, because the price was contractually negotiated, supported by invoices and bank realisation, and the compared exports were not shown to be truly comparable under the valuation rules. In the absence of a lawful basis to discard the declared price, re-determination of FOB value was unsustainable. en-us Mon, 28 Jul 2025 00:00:00 +0530 Tue, 29 Jul 2025 08:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775657 A composite export consignment of iron ore fines with a limited lump component could not be artificially split for higher customs duty where the dominant character remained fines and the contractual tolerance formed part of the commercial arrangement. The declared export transaction value also could not be rejected merely on contemporaneous export prices, because the price was contractually negotiated, supported by invoices and bank realisation, and the compared exports were not shown to be truly comparable under the valuation rules. In the absence of a lawful basis to discard the declared price, re-determination of FOB value was unsustainable. Case-Laws Customs Mon, 28 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775657