https://www.taxtmi.com/caselaws?id=94514 The tribunal dismissed the appeal by M/s. Sigma Indus. regarding the valuation of exported socks for duty entitlement pass book credit. The authorities set the price at US$ 0.5 per pair, lower than the appellants' declared value of 0.9 US$ per pair FOB. Emphasizing the importance of accurate FOB values to prevent misuse of export promotion schemes, the tribunal upheld the decision of the Commissioner of Customs (Appeals) based on lack of supporting evidence from the appellants. The appeal was rejected as the tribunal found no flaws in the valuation for DEPB credit. en-us Wed, 05 Jan 2000 00:00:00 +0530 Wed, 23 Nov 2011 11:12:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94514 The tribunal dismissed the appeal by M/s. Sigma Indus. regarding the valuation of exported socks for duty entitlement pass book credit. The authorities set the price at US$ 0.5 per pair, lower than the appellants' declared value of 0.9 US$ per pair FOB. Emphasizing the importance of accurate FOB values to prevent misuse of export promotion schemes, the tribunal upheld the decision of the Commissioner of Customs (Appeals) based on lack of supporting evidence from the appellants. The appeal was rejected as the tribunal found no flaws in the valuation for DEPB credit. Case-Laws Customs Wed, 05 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94514