Transaction Value Must Prevail for Export Duty – Moisture Content Can’t Alter Valuation: CESTAT Hyderabad

Sri Sainath Industry Private Limited Vs Commissioner of Customs (CESTAT Hyderabad)

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Hyderabad Bench, has ruled that for the export of iron ore under a provisional assessment regime, the transaction value as finalized in the invoices and evidenced by the Bank Realisation Certificate (BRC) must be accepted, even if a departmental test report suggests a variation in a parameter like moisture content. In the case of Sri Sainath Industry Private Li

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