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Valuation of exported goods - analysis of departmental ...


Iron Ore Export Valuation Based on Fe Content Upheld by Authorities; Lab Analysis Considered Accurate Unless Contested.

May 15, 2017

Case Laws     Customs     AT

Valuation of exported goods - analysis of departmental laboratory, unless challenged, has to be accepted as true and correct. Since the value/price of the iron ore fines is based upon the Fe content of the consignment, the value was, in our opinion, correctly worked out by the lower authorities. - AT

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