Two Or More Bills Of Entry Or Shipping Bills Cannot Be Taken Together And Assessed: CESTAT
1 month ago

Two Or More Bills Of Entry Or Shipping Bills Cannot Be Taken Together And Assessed: CESTAT

Live Law  

The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal has stated that two or more bills of entry or shipping bills cannot be taken together and assessed. All assessments are kept provisional and at the end all assessments are finalised together.” In this case, the assessee' had exported iron ore fines under various Shipping Bills. The assessee contended that they had exported iron ore fines whose Fe content was below 58% under some Shipping Bills and iron ore fines whose Fe content was above 58% under some other Shipping Bills. Conversely, if after mixing the goods exported under different Shipping Bills and drawing a sample, the Fe content falls below the threshold, the exporter cannot claim exemption for all the Shipping Bills.

Duty Shipping Tribunal Bench Bills Goods Stat Ore Exported Assessee Assessed Iron Ore Fines Shipping Bills Shipping Bill Fe Content Bills Of Entry  bills  taken  cestat  assessed  exported  fe  goods  entry  assessee  tribunal  ore  iron  duty  shipping

History of this topic

Transaction Value Is Not The Only Basis For Assessment Of Duty: CESTAT
1 month ago

Transaction Value Is Not The Only Basis For Assessment Of Duty: CESTAT

Live Law  

The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal has stated that the transaction value is not the only basis for assessment of the duty. When rejecting the transaction value, the customs officer does not modify the transaction value but only rejects it as the assessable value for determination of the duty.” In this case, the assessee …

Iron Ore Fines Are Exempted From Payment Of Customs Duty: CESTAT
1 year, 4 months ago

Iron Ore Fines Are Exempted From Payment Of Customs Duty: CESTAT

Live Law  

The Kolkata Bench of Customs, Excise, and Service Tax Appellate Tribunal has held that iron ore fines were exempted from payment of duty.The bench of Ashok Jindal and Rajeev Tandon has observed that a let export order cannot be issued before payment of full duty by the assessee. The appellant was liable to pay duty on the export of iron …

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