2001 (11) TMI 699

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..... (T)]. The appellant took on voyage charter the ship m.v. Tal from its owners for the purpose of transporting iron ore that it mined and sold from Marmagoa to Lisbon. The charter party provided for payment under clause 37 to the owner of the freight at US$ 8.70 per wet metric ton. Clause 18 provided for a commission of 2.5% on the gross amount of freight, dead freight and demurrage to be pay .....

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..... the Assistant Collector and its rejection confirmed by the Commissioner (Appeals). Hence this appeal. 3. The Commissioner (Appeals) has dismissed the appeal before him solely on the ground that the appellant have not come up with any fresh legal arguments in their support and the points raised have been argued out by the lower authority. This is the entire reasoning in her order for dismissing .....

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..... f the amounts that the bankers advised the appellant as having deducted from its account i.e. the actual amount that has been remitted abroad to the shipment. The difference between the freight and this amount is obviously arisen because the amount that was retained by the appellant or paid by it to the broker. In determining the actual freight payable deductions and the effect they have upon the .....

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