Valuation/Assessment Practice in respect of export of Iron Ore

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... To Chief Commissioners of Customs (All), Chief Commissioners of Central Excise and Customs (All), Director General, Directorate General of Revenue Intelligence, Commissioners of Customs (All), Commissioners of Central Excise and Customs (All). Madam/Sir, Subject: Valuation/Assessment Practice in respect of export of Iron Ore The Board has received references relating to ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t of Iron Ore, fines and pellets, it has been decided that the following procedure shall be adopted by all Custom Houses: (a)  When a consignment is entered for export of iron ore, fines or pellets, samples shall be drawn in the presence of Customs by following the procedure laid down by the Bureau of Indian Standards for drawal of samples of Iron ore, fines and Iron ore pellets and sent f....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the declared price, the proper officer may proceed to finalize the provisionally assessed shipping bill in terms of the provisions of Section 14 and the Customs Valuation (Determination of Value of Export Goods) Rules, 2007. (d)   In cases where the load port test report and discharge port test report show a variation, so as to impinge upon the price, the proper officer shall proceed ....