https://www.taxtmi.com/caselaws?id=101985 The settlement commission examined whether DEPB liability could be fastened on the basis of comparative invoices and alleged FOB overvaluation, and it found the material insufficient where no contemporaneous market inquiry disproved the export declarations and banking evidence showed realisation of export proceeds. It also considered drawback claims for shipping bills without bank realisation certificates, sustaining recovery only to the limited quantified extent linked to unresolved realisation. On the disclosure made, the commission fixed the payable amounts under the admitted heads, permitted instalments, continued the corporate guarantee until payment, and granted immunity from penalty, fine, and limited prosecution for the matters covered. en-us Wed, 06 Mar 2002 00:00:00 +0530 Sat, 05 Jul 2014 23:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101985 The settlement commission examined whether DEPB liability could be fastened on the basis of comparative invoices and alleged FOB overvaluation, and it found the material insufficient where no contemporaneous market inquiry disproved the export declarations and banking evidence showed realisation of export proceeds. It also considered drawback claims for shipping bills without bank realisation certificates, sustaining recovery only to the limited quantified extent linked to unresolved realisation. On the disclosure made, the commission fixed the payable amounts under the admitted heads, permitted instalments, continued the corporate guarantee until payment, and granted immunity from penalty, fine, and limited prosecution for the matters covered. Case-Laws Customs Wed, 06 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101985