https://www.taxtmi.com/caselaws?id=105670 DEPB credit was to be computed on FOB value of exports, but capped so it did not exceed 50% of the present market value. The appellate order applying the departmental circular and DGFT clarifications was upheld because those materials expressly prescribed the same cap, leaving no legal infirmity in the computation method. The resulting position favoured the assessee and rejected the Revenue's challenge to the formula used for DEPB entitlement. en-us Mon, 22 Jul 2002 00:00:00 +0530 Wed, 07 Mar 2012 10:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105670 DEPB credit was to be computed on FOB value of exports, but capped so it did not exceed 50% of the present market value. The appellate order applying the departmental circular and DGFT clarifications was upheld because those materials expressly prescribed the same cap, leaving no legal infirmity in the computation method. The resulting position favoured the assessee and rejected the Revenue's challenge to the formula used for DEPB entitlement. Case-Laws Customs Mon, 22 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105670