https://www.taxtmi.com/caselaws?id=119862 The Tribunal upheld the declared FOB value and Present Market Value, granting the exporters entitlement to the claimed drawback. It ruled that the goods were not liable to confiscation, and penalties imposed by the Commissioner were unsustainable. The Tribunal applied the doctrine of merger, making a prior decision binding, and allowed the appeals filed by the exporter's company, its officers, and shipping agencies, while dismissing the Revenue's appeal. en-us Tue, 08 Aug 2006 00:00:00 +0530 Thu, 29 Feb 2024 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119862 The Tribunal upheld the declared FOB value and Present Market Value, granting the exporters entitlement to the claimed drawback. It ruled that the goods were not liable to confiscation, and penalties imposed by the Commissioner were unsustainable. The Tribunal applied the doctrine of merger, making a prior decision binding, and allowed the appeals filed by the exporter's company, its officers, and shipping agencies, while dismissing the Revenue's appeal. Case-Laws Customs Tue, 08 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119862