https://www.taxtmi.com/caselaws?id=121566 The Tribunal ruled in favor of the appellant, setting aside the confiscation of goods and penalties imposed for alleged mis-declaration of value in an export consignment of man-made fabric. The appellant successfully argued against the adoption of an average value for valuation, emphasizing the correctness of the declared FOB value supported by payment evidence. The decision underscored the necessity of proper valuation methods in customs proceedings and upheld the appellant's entitlement to DEPB benefits based on the declared value. en-us Tue, 24 Apr 2007 00:00:00 +0530 Thu, 19 Apr 2018 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121566 The Tribunal ruled in favor of the appellant, setting aside the confiscation of goods and penalties imposed for alleged mis-declaration of value in an export consignment of man-made fabric. The appellant successfully argued against the adoption of an average value for valuation, emphasizing the correctness of the declared FOB value supported by payment evidence. The decision underscored the necessity of proper valuation methods in customs proceedings and upheld the appellant's entitlement to DEPB benefits based on the declared value. Case-Laws Customs Tue, 24 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121566