https://www.taxtmi.com/circulars?id=1427 Where declared FOB exceeds the present market value as declared by the exporter or ascertained by Customs, the present market value shall be the basis for allowing DEPB credit; this applies to all export products regardless of DEPB rate. Verification of present market value must be conducted by the Special Intelligence & Investigation Branch, with enquiries completed within thirty days, extendable up to ninety days by the Commissioner and further extendable for fraud after recording reasons. Fraud, collusion, wilful mis-statement or suppression cases may be opened within a five-year period and recovery notices issued. en-us Mon, 09 Sep 2002 00:00:00 +0530 Sun, 20 Jan 2008 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1427 Where declared FOB exceeds the present market value as declared by the exporter or ascertained by Customs, the present market value shall be the basis for allowing DEPB credit; this applies to all export products regardless of DEPB rate. Verification of present market value must be conducted by the Special Intelligence & Investigation Branch, with enquiries completed within thirty days, extendable up to ninety days by the Commissioner and further extendable for fraud after recording reasons. Fraud, collusion, wilful mis-statement or suppression cases may be opened within a five-year period and recovery notices issued. Circulars Customs Mon, 09 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1427