https://www.taxtmi.com/circulars?id=1441 FOB value shall generally be the basis for granting DEPB credit as recognised in export transactions. Market verification to determine Present Market Value (PMV) may be initiated only on specific intelligence or evidence of FOB inflation, sensitive destinations, or sub standard goods, and requires express written approval of the Commissioner of Customs. If investigation conclusively proves artificial inflation, DEPB entitlement will be calculated on PMV; verifications must not be routine and should be completed expeditiously to avoid trade harassment. en-us Wed, 27 Nov 2002 00:00:00 +0530 Mon, 02 Mar 2009 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1441 FOB value shall generally be the basis for granting DEPB credit as recognised in export transactions. Market verification to determine Present Market Value (PMV) may be initiated only on specific intelligence or evidence of FOB inflation, sensitive destinations, or sub standard goods, and requires express written approval of the Commissioner of Customs. If investigation conclusively proves artificial inflation, DEPB entitlement will be calculated on PMV; verifications must not be routine and should be completed expeditiously to avoid trade harassment. Circulars Customs Wed, 27 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1441