https://www.taxtmi.com/caselaws?id=211624 The court affirmed the interpretation of Section 76 of the Customs Act, 1962, stating that no drawback is admissible if the market price of goods is less than the amount of drawback due, without exception for re-exports under Section 74. The judgment upheld the relevance of market price in granting duty drawback under Sections 74 and 75, leading to the rejection of the duty drawback claim for defective batteries as the market price was found to be less than the claimed drawback. The appellate authority's decision to reject the appeal was upheld, emphasizing the importance of market value in duty drawback assessments. en-us Fri, 25 Mar 2011 00:00:00 +0530 Thu, 22 Mar 2012 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211624 The court affirmed the interpretation of Section 76 of the Customs Act, 1962, stating that no drawback is admissible if the market price of goods is less than the amount of drawback due, without exception for re-exports under Section 74. The judgment upheld the relevance of market price in granting duty drawback under Sections 74 and 75, leading to the rejection of the duty drawback claim for defective batteries as the market price was found to be less than the claimed drawback. The appellate authority's decision to reject the appeal was upheld, emphasizing the importance of market value in duty drawback assessments. Case-Laws Customs Fri, 25 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211624