https://www.taxtmi.com/caselaws?id=96038 Export goods covered by a value-based advance licence and supported by bank realisation could not be treated as overvalued merely because the declared FOB value exceeded domestic processing cost. The goods were not shown to be prohibited under the EXIM Policy or the applicable export-control regime, and the earlier control order relied on for confiscation had been repealed and superseded. On those facts, over-invoicing in shipping bills did not by itself establish contravention attracting confiscation or penalty. The description of the goods also fell within the licence coverage, so no misdeclaration warranting confiscation was made out. en-us Tue, 24 Oct 2000 00:00:00 +0530 Fri, 16 Dec 2011 17:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96038 Export goods covered by a value-based advance licence and supported by bank realisation could not be treated as overvalued merely because the declared FOB value exceeded domestic processing cost. The goods were not shown to be prohibited under the EXIM Policy or the applicable export-control regime, and the earlier control order relied on for confiscation had been repealed and superseded. On those facts, over-invoicing in shipping bills did not by itself establish contravention attracting confiscation or penalty. The description of the goods also fell within the licence coverage, so no misdeclaration warranting confiscation was made out. Case-Laws Customs Tue, 24 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96038