https://www.taxtmi.com/caselaws?id=95988 The appellate court set aside the impugned order of confiscation and penalty under the Customs Act, 1962, in a case involving suspected over-invoicing for higher drawback by an exporter of readymade garments. The court found minimal discrepancies between market values and declared export prices, discrediting the allegations of misdeclaration. Market value opinions lacked credibility and did not align with Department of Revenue guidelines. As a result, the appellant's export prices were accepted for full drawback, overturning the initial decision and providing relief to the appellant. en-us Fri, 23 Mar 2001 00:00:00 +0530 Fri, 16 Dec 2011 14:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95988 The appellate court set aside the impugned order of confiscation and penalty under the Customs Act, 1962, in a case involving suspected over-invoicing for higher drawback by an exporter of readymade garments. The court found minimal discrepancies between market values and declared export prices, discrediting the allegations of misdeclaration. Market value opinions lacked credibility and did not align with Department of Revenue guidelines. As a result, the appellant's export prices were accepted for full drawback, overturning the initial decision and providing relief to the appellant. Case-Laws Customs Fri, 23 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95988