2017 (5) TMI 644

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....e appellate authority is correct in holding that invoice price for the goods exported and corroborated by bank realisation certificate is to be treated as value of the goods exported on which customs duty is payable or whether the value of the goods declared in the shipping bill at the time of exportation of the goods is to be considered as correct. 3. Heard both the sides and perused the records. 4. Respondent M/s. Dream Logistics Company (I) Pvt Ltd filed shipping bills for the export of iron ore claiming FE content as 50% or more based upon load-port analysis report. The said shipping bills were processed and 'Let Export Order' was given. Subsequently when the iron ore consignment reached the destination port, test result s....

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....pellant had entered into contracts with purchasers in China and Singapore for the export of the goods of specified Fe content as per specifications agreed by them. Subsequently, purchasers did not accept the consignments as the private analytical report as provided by the appellant were supposedly forged in view of which the appellant sold the goods to some other purchasers. The negotiations entered into by the appellant with the second purchaser was after the goods landed in China and the said purchase agreements were not the documents which was produced before the authorities at the time of exportation. 9. In the above circumstances, it is also to be noted that in the case in hand, we find that the Dy. Chief Chemist had drawn the....