2019 (5) TMI 62

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..... Dated:- 13-3-2019 - Mr. M.V. RAVINDRAN, MEMBER (JUDICIAL) And Mr. P.V. SUBBA RAO, MEMBER (TECHNICAL) Shri N. Anand, Advocate for the appellant Shri B. Guna Ranjan, Superintendent/AR for the Respondent ORDER Per: Mr. M.V. Ravindran 1. This application is filed for rectification of mistake in the final .....

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..... m. Therefore, it is a case of trading where they are purchasing iron ore from NMDC and exporting the same. However, the transaction is such that the price which they pay to NMDC will be their export value minues 3%. In other words, they get to keep 3% of the export value and 97% of the export value is paid as price to M/s NMDC. It is the case of the Revenue that since 97% of the export value is pa .....

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