2001 (11) TMI 699 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai allowed the appeal filed by the appellant regarding the deduction of freight from the value of iron ore for export duty assessment. The Tribunal set aside the order rejecting the claim for refund of duty paid on the freight wrongly included in the ore value. The Tribunal clarified that the relevant freight amount was US$ 8.70 per wet metric ton, as per the terms of the charter party.