Acceptance of FOB value makes FOB the assessable value for exports while dispensing with routine price list filing. The Board directs that f.o.b. value shall be accepted as the assessable value for exported goods and for export rebate claims and bond-account adjustments, but f.o.b. valuation applies only when goods are proved exported; diverted consignments require filing of price lists and recovery of duty. Filing of price lists for exports is dispensed with by granting exporters the option under rule 173C(11), with Collectors permitted to delegate this power to Assistant Collectors for the specified purpose.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Acceptance of FOB value makes FOB the assessable value for exports while dispensing with routine price list filing.
The Board directs that f.o.b. value shall be accepted as the assessable value for exported goods and for export rebate claims and bond-account adjustments, but f.o.b. valuation applies only when goods are proved exported; diverted consignments require filing of price lists and recovery of duty. Filing of price lists for exports is dispensed with by granting exporters the option under rule 173C(11), with Collectors permitted to delegate this power to Assistant Collectors for the specified purpose.
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