https://www.taxtmi.com/caselaws?id=118421 The Appellate Tribunal CESTAT, Kolkata allowed the appeal, remanding the case for reassessment of eligible Drawback quantum. The tribunal set aside the confiscation order and penalty, ruling in favor of the appellants. It determined that the Drawback claims were eligible despite discrepancies with Present Market Values, misdeclaration of PMV did not warrant confiscation, Customs officers cannot alter FOB values, and exporters should have a say in Drawback classification changes. The decision provided clarity on Customs Act provisions, ensuring a fair outcome for the appellants. en-us Fri, 07 Jul 2006 00:00:00 +0530 Sat, 30 Jun 2012 15:39:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118421 The Appellate Tribunal CESTAT, Kolkata allowed the appeal, remanding the case for reassessment of eligible Drawback quantum. The tribunal set aside the confiscation order and penalty, ruling in favor of the appellants. It determined that the Drawback claims were eligible despite discrepancies with Present Market Values, misdeclaration of PMV did not warrant confiscation, Customs officers cannot alter FOB values, and exporters should have a say in Drawback classification changes. The decision provided clarity on Customs Act provisions, ensuring a fair outcome for the appellants. Case-Laws Customs Fri, 07 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118421