https://www.taxtmi.com/caselaws?id=118422 Notification No. 32/97-Cus. was considered in the context of garments manufactured from duty-free raw materials supplied by foreign buyers, with exemption depending on satisfaction of the prescribed value-addition condition. The documentary record showed that the FOB value, properly computed, exceeded the CIF value of the imported fabrics, and foreign exchange realisation was evidenced. The apparent shortfall arose from an arithmetical error and from overlooking the exporter's declaration that the imported raw material value was excluded from the FOB figure. On that basis, the value-addition condition was treated as satisfied and exemption could not be denied. en-us Fri, 07 Jul 2006 00:00:00 +0530 Sat, 30 Jun 2012 15:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118422 Notification No. 32/97-Cus. was considered in the context of garments manufactured from duty-free raw materials supplied by foreign buyers, with exemption depending on satisfaction of the prescribed value-addition condition. The documentary record showed that the FOB value, properly computed, exceeded the CIF value of the imported fabrics, and foreign exchange realisation was evidenced. The apparent shortfall arose from an arithmetical error and from overlooking the exporter's declaration that the imported raw material value was excluded from the FOB figure. On that basis, the value-addition condition was treated as satisfied and exemption could not be denied. Case-Laws Customs Fri, 07 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118422