CESTAT HYDERABAD: Iron Ore fines vs lumps classification for export duty - Tribunal allows appeal, rejects demand.

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....The case involved the classification of Iron Ore fines as Iron Ore lumps for export valuation and levy of export duty. The Tribunal held that the consignment, despite containing a certain percentage of Iron Ore lumps, should be treated as Iron Ore fines due to involuntary processes and the absence of deliberate mixing. The presence of Iron Ore lumps within the tolerance limit does not warrant separate classification for duty purposes. Additionally, the final invoice based on negotiated parameters at the buyer's port was accepted, and the transaction value was deemed appropriate, leading to the allowance of the appeals on both counts.....