Iron Content in Iron Ore Fines to be Calculated on Wet Metric Ton Basis for assessments before May 1, 2022, All Impurities Including Moisture Deducted for Customs Duty Determination: CESTAT

Iron Content - Iron Ore - Fines - Calculated - Wet Metric Ton - assessments - Impurities - Including - Moisture - Deducted - Customs Duty Determination - CESTAT - taxscan

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata bench has held that the calculation of iron (Fe) content in iron ore fines for customs duty determination must be done on a Wet Metric Ton (WMT) basis. The ruling emphasised the deduction of all impurities, including moisture, from the total weight of the ore….

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