https://www.taxtmi.com/caselaws?id=236058 For brand rate drawback fixation under the Drawback Rules, the export value shown in the shipping bill must be compared with the assessed value of imported materials used in manufacture. Where the shipping bill value is lower than the imported materials' value, Rule 8(2) bars admissibility. Later commercial settlement or renegotiation of the CIF price after import cannot replace the customs-assessed import value, because the revised figures were not approved by the assessing authority. The Board circular on calculating value addition on the basis of CIF value was treated as binding, so private price revisions could not override the statutory scheme or the import and export documents finalised by Customs. en-us Thu, 16 Aug 2012 00:00:00 +0530 Tue, 13 Aug 2013 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236058 For brand rate drawback fixation under the Drawback Rules, the export value shown in the shipping bill must be compared with the assessed value of imported materials used in manufacture. Where the shipping bill value is lower than the imported materials' value, Rule 8(2) bars admissibility. Later commercial settlement or renegotiation of the CIF price after import cannot replace the customs-assessed import value, because the revised figures were not approved by the assessing authority. The Board circular on calculating value addition on the basis of CIF value was treated as binding, so private price revisions could not override the statutory scheme or the import and export documents finalised by Customs. Case-Laws Customs Thu, 16 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236058