https://www.taxtmi.com/caselaws?id=472049 FOB value of exported iron ore is the transaction value under the Export Valuation Rules, 2007, being the price actually paid or payable. It cannot be treated as a cum-duty price or reduced by the export-duty component when determining assessable value. Export duty must therefore be computed on the FOB transaction value without a notional cum-duty deduction, resolving the valuation issue against the assessee. en-us Fri, 10 Oct 2025 00:00:00 +0530 Mon, 28 Sep 2026 20:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472049 FOB value of exported iron ore is the transaction value under the Export Valuation Rules, 2007, being the price actually paid or payable. It cannot be treated as a cum-duty price or reduced by the export-duty component when determining assessable value. Export duty must therefore be computed on the FOB transaction value without a notional cum-duty deduction, resolving the valuation issue against the assessee. Case-Laws Customs Fri, 10 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472049