The case involved the determination of Fe content for export ...

Fe content for export duty - Fe content to be determined on Wet Metric Ton basis, not Dry Metric Ton. Circular must be followed.

Case Laws Customs

June 21, 2024

The case involved the determination of Fe content for export duty purposes. The Tribunal upheld that Fe content should be calculated on Wet Metric Ton (WMT) basis as per Circular No. 04/2012-Cus. The authority correctly applied the formula, considering WMT basis over Dry Metric Ton (DMT) basis. The decision was supported by a Supreme Court ruling affirming the feasibility of determining Fe content in moist iron ore. The department failed to provide any valid reason to deviate from the circular. The Tribunal dismissed the appeal, affirming the authority's decision based on legal provisions and industry standards.

View Source

← Previous Next →

The case involved the determination of Fe content for export ...

Fe content for export duty - Fe content to be determined on Wet Metric Ton basis, not Dry Metric Ton. Circular must be followed.

Case Laws Customs

June 21, 2024

You may also like:

Shipping bill assessment challenged regarding determination of Fe content in Iron Ore Fines for classification and duty rate. Fe percentage to be determined on Wet...

It is a situation wherein an exporter discharges the export duty based upon the Fe-content which is noticed as more than 62%, applies for a refund claim of the export...

Appellant exported 15,000 MT of iron ore with 58.61% Fe content on WMT basis. Customs duty was provisionally paid at Rs. 300/PMT instead of applicable rate of Rs. 50/PMT...

Valuation of export of iron-ore fines - the determination of export duty on the basis of dry weight or wet weight, in our opinion, is irrelevant as the duty to be...

Unframed glass mirrors originating or exported from China are subject to anti-dumping duty of $234 per metric ton for 5 years to address material injury caused to...

Rectification of mistake - Calculation of correct Fe content - Iron Ore Fines - The correct Fe content was required to be determined on the basis of the guidelines...

Export of Iron Ore - demand of export duty - whether the test report of the CRCL is on wet basis or dry basis. The benefit of both these doubts will go in favour of the...

Determination of method by which the iron (Fe) content in the iron ore - there is a reason for the Revenue to do so inasmuch as when the legislature has found it...

Minimum Export Price of Onions - Other than Bangalore Rose Onions and Krishnapuram onions will be US$ 300 per Metric Ton F.O.B. and it was US$ 275 per Metric Ton as...

Export of food commodities through National Cooperative Exports Limited (NCEL). - The notification specifies the export of 14,000 metric tonnes (MT) of Non-Basmati White...

This notification seeks to impose a definitive anti-dumping duty on imports of "Isobutylene-Isoprene Rubber ('IIR')" originating from or exported from China, Russia,...

Notification No. 22/2024-Customs, issued by the Ministry of Finance, exempts Kala namak rice exports from customs duty under certain conditions, aiming to boost India's...

Valuation of export goods - export of Iron Ore Fines - the transaction value i.e. FOB price cannot be treated as cum duty price under section 14 of Customs Act, 1962 for...

Export of 2,00,000 metric tons of Non-Basmati White Rice under ITC(HS) code 10063090 to Malaysia permitted through National Cooperative Exports Limited (NCEL)....

Advance Authorisation - import raw sugar under actual user condition - ton-to-ton or grain-to-grain basis - Export of sugar without release order from appropriate...

Quick Updates: