https://www.taxtmi.com/caselaws?id=72456 The Tribunal dismissed the appeal against the rejection of the drawback claim under Section 76(1)(b) of the Customs Act, 1962. The appellants' argument regarding the market value of damaged goods was not accepted, with the Tribunal affirming the lower authorities' decision to determine the market value based on salvage value. Despite the appellants' contentions of higher market value estimates, including evidence of offers received by the insurance company, the Tribunal found the rejection of the drawback claim legally sustainable and upheld the decision based on the provided salvage value. en-us Fri, 27 Dec 1985 00:00:00 +0530 Thu, 19 May 2011 16:44:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72456 The Tribunal dismissed the appeal against the rejection of the drawback claim under Section 76(1)(b) of the Customs Act, 1962. The appellants' argument regarding the market value of damaged goods was not accepted, with the Tribunal affirming the lower authorities' decision to determine the market value based on salvage value. Despite the appellants' contentions of higher market value estimates, including evidence of offers received by the insurance company, the Tribunal found the rejection of the drawback claim legally sustainable and upheld the decision based on the provided salvage value. Case-Laws Customs Fri, 27 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72456