https://www.taxtmi.com/caselaws?id=105933 Customs authorities were confined to verifying the description, quantity and FOB value of export goods under the DEPB scheme, and could not unilaterally alter the credit rate sanctioned by the DGFT. Where the shipping bill and export declaration matched the goods but a discrepancy appeared between the declared DEPB item and the rate applied by the DGFT, Customs was required to refer the matter to the DGFT for further decision. The DGFT's interpretation and sanction under the Import and Export Policy bound Customs, so the credit could not be reduced by Customs on its own. en-us Wed, 30 Jun 1999 00:00:00 +0530 Mon, 12 Mar 2012 10:34:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105933 Customs authorities were confined to verifying the description, quantity and FOB value of export goods under the DEPB scheme, and could not unilaterally alter the credit rate sanctioned by the DGFT. Where the shipping bill and export declaration matched the goods but a discrepancy appeared between the declared DEPB item and the rate applied by the DGFT, Customs was required to refer the matter to the DGFT for further decision. The DGFT's interpretation and sanction under the Import and Export Policy bound Customs, so the credit could not be reduced by Customs on its own. Case-Laws Central Excise Wed, 30 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105933