Shipping bill assessment challenged regarding determination of ...

Iron Ore Fines' Fe content on WMT basis to determine duty rate. Fe<58%, no export duty under Notification 15/2016. Order set aside, reassessment ordered.

Case Laws Customs

August 3, 2024

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 Metric Tonne (WMT) basis by deducting moisture and converting to WMT using recognized formula. As Fe content below 58%, no export duty payable under Notification 15/2016-Cus. Impugned order set aside, matter remanded for finalization of provisional assessment and refund of excess duty, if any, within one month.

View Source

← Previous Next →

Shipping bill assessment challenged regarding determination of ...

Iron Ore Fines' Fe content on WMT basis to determine duty rate. Fe<58%, no export duty under Notification 15/2016. Order set aside, reassessment ordered.

Case Laws Customs

August 3, 2024

You may also like:

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...

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...

Confiscation of goods already exported - redemption fine in lieu of confiscation imposed - export of iron ore fines - Fe content of the iron ore fines - In a case where...

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...

Clandestine Removal - melting scrap - excess input output ratio - shortage of finished goods - The said input-output ratio cannot remain fixed due to variable factors...

The case involved the classification of Iron Ore fines as Iron Ore lumps for export valuation and levy of export duty. The Tribunal held that the consignment, despite...

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...

Valuation - export duty - Liability to pay customs duty on the FOB value, on export of iron ore fines considering the same as cum-duty value or otherwise - After...

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...

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...

Reversal of Cenvat Credit under Rule 6 - clearance of iron ore fines - exempted goods or not - the Department has brought nothing on record to show that the iron ore...

Exemption from CVD - Classification of imported goods - Iron Ore (fines) or Iron Ore (concentrate) - The process of crushing and screening undertaken on the Iron Ore...

Valuation - determination of assessable value of export goods - The export goods namely, Iron Ore Fines, be assessed to duty, adopting the criteria of ‘Dry Weight’

Refund of duty paid - iron ore fines were exempted from payment of duty - Determination of date of export - Claiming Benefit of exemption Notification dated 7-12-2008 -...

Refund of excess Customs Duty paid - Fe content in the export of iron ore - Allowing a refund claim on the basis of test reports of the samples which have been drawn and...

Quick Updates: