Valuation of export goods - export of Iron Ore Fines - the ...

Export Valuation Must Use Transaction Value, Not FOB Price, for Iron Ore Fines Under Customs Act Section 14.

March 20, 2020

Case Laws Customs AT

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 the purpose of calculation of export duty. - The appellant cannot, on their own, claim a new valuation methodology for their exports when the law specifically lays down that transaction value at the place of export is the assessable value for determining the export duty. - AT

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Valuation of export goods - export of Iron Ore Fines - the ...

Export Valuation Must Use Transaction Value, Not FOB Price, for Iron Ore Fines Under Customs Act Section 14.

March 20, 2020

Case Laws Customs AT

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