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of <h1>Customs Accepts FOB Value for Exports; Rule 173C (11) Allows Price List Waiver, Duties Apply if Sold Domestically.</h1> The Central Board of Excise and Customs has decided to accept the FOB (Free on Board) value as the assessable value for export consignments, eliminating the need for filing price lists for exports. Exporters may be granted this option under rule 173C (11) by Collectors, with the possibility of delegating this authority to Assistant Collectors. However, if goods initially intended for export are redirected for domestic consumption, price lists must be filed, and duties will be levied accordingly. The FOB value will apply for exports under rebate claims and adjustments in the Bond Account, but not for goods not proven to be exported.
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