https://www.taxtmi.com/caselaws?id=776474 The HC held that the net Fe content of Iron Ore Fines for Customs duty levy must be determined on a Wet Metric Ton (WMT) basis using the prescribed conversion formula. When cargo is split into parts with Fe content below and above 58%, duty liability arises accordingly, regardless of the average Fe content of the combined cargo. The appellant's reliance on precedent favoring WMT determination was acknowledged, but the court found no substantial question of law in the appeal under Section 130 of the Customs Act, 1962. Consequently, the appeal was dismissed. en-us Wed, 06 Aug 2025 00:00:00 +0530 Tue, 12 Aug 2025 08:32:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776474 The HC held that the net Fe content of Iron Ore Fines for Customs duty levy must be determined on a Wet Metric Ton (WMT) basis using the prescribed conversion formula. When cargo is split into parts with Fe content below and above 58%, duty liability arises accordingly, regardless of the average Fe content of the combined cargo. The appellant's reliance on precedent favoring WMT determination was acknowledged, but the court found no substantial question of law in the appeal under Section 130 of the Customs Act, 1962. Consequently, the appeal was dismissed. Case-Laws Customs Wed, 06 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776474