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2023 (8) TMI 949 - AT - CustomsLevy of Customs Duty - liability of Appellant/Assessee to pay customs duty on the FOB value on export of iron ore fines considering the same as cum-duty value or otherwise - HELD THAT:- The issue is no longer res integra as has been decided in catena of rulings against the Appellant/Assessee and in favour of Revenue - reliance can be placed in SESA GOA LIMITED VERSUS COMMISSIONER OF CUSTOMS [2020 (3) TMI 772 - CESTAT HYDERABAD] where it was held that The present case is of exports. In case of exports, the cost of freight and transit insurance are not part of the transaction value at the Port of export i.e. the Indian Port where the goods are exported. It includes only the Free on Board (FOB) value. This is the value for the purpose of Section 14 and export duty must be calculated on this FOB value. Thus, following the precedent decision of this Tribunal, appeal dismissed.
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