Valuation/Assessment Practice in respect of export of Iron Ore
X X X X Extracts X X X X
X X X X Extracts X X X X
....ssioners 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 the valuation of iron ore entered for export. The matter has been examine....
X X X X Extracts X X X X
X X X X Extracts X X X X
....pted 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 for testing. (b) The declared value of the export goods, shall be scrutinized in relation to the provis....
X X X X Extracts X X X X
X X X X Extracts X X X X
....sions 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 to re-determine the value of the goods in terms of Customs Valuation (Determination of Value of Export Goods) Rules, 2007. In no case, shal....


TaxTMI
TaxTMI