https://www.taxtmi.com/caselaws?id=781990 CESTAT Hyderabad held that export value of iron ore must be determined under Section 14 of the Customs Act read with the Valuation Rules, based on transaction value reflected in final invoices and supported by bank realization certificates. The Tribunal found no valid grounds to discard the transaction value, noting that the contract stipulated final pricing and Dry Metric Tonne quantity based on CIQ test reports, not CRCL moisture results at load port. The order of the Commissioner (Appeals), which recomputed value using CRCL moisture content, was set aside. The matter was remanded to the Original Authority to finalize provisional assessments on the accepted transaction value and recalculate the admissible refund. en-us Fri, 10 Oct 2025 00:00:00 +0530 Mon, 24 Nov 2025 08:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781990 CESTAT Hyderabad held that export value of iron ore must be determined under Section 14 of the Customs Act read with the Valuation Rules, based on transaction value reflected in final invoices and supported by bank realization certificates. The Tribunal found no valid grounds to discard the transaction value, noting that the contract stipulated final pricing and Dry Metric Tonne quantity based on CIQ test reports, not CRCL moisture results at load port. The order of the Commissioner (Appeals), which recomputed value using CRCL moisture content, was set aside. The matter was remanded to the Original Authority to finalize provisional assessments on the accepted transaction value and recalculate the admissible refund. Case-Laws Customs Fri, 10 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781990