FOB value cannot be treated as cum-duty price for customs recomputation; settled precedent rejects duty deduction.

In customs valuation disputes over FOB value in shipping bills, the settled position was applied that no deduction of duty is permissible when recomputing customs duty liability on such value. The Tribunal relied on earlier precedent and noted that the appellant's own prior case had been decided on the same footing. On that basis, the request to treat the declared FOB value as a cum-duty price was rejected, and the matter was decided in favour of the Revenue.

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Issues: Whether the FOB value declared in the shipping bill could be treated as cum-duty price for recomputing customs duty liability.

Analysis: The issue was treated as settled by earlier decisions holding that no deduction of duty is permissible while determining customs duty on FOB value in such matters. The Tribunal also noted that the appellant's own earlier case had been decided on the same footing following the existing precedent.

Conclusion: The claim to treat the declared FOB value as cum-duty price was rejected and the appeal was dismissed in favour of the Revenue.

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