https://www.taxtmi.com/caselaws?id=246222 The Tribunal held that the FOB price should be considered as the transaction value for the purpose of export duty under Section 14 of the Customs Act, 1962, without any abatement for the duty element. The nature of Customs Duty as an indirect tax does not necessitate that it be passed on to the buyer, and the inability to do so does not alter its classification. Consequently, the appeals were dismissed. en-us Thu, 12 Dec 2013 00:00:00 +0530 Tue, 26 May 2015 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246222 The Tribunal held that the FOB price should be considered as the transaction value for the purpose of export duty under Section 14 of the Customs Act, 1962, without any abatement for the duty element. The nature of Customs Duty as an indirect tax does not necessitate that it be passed on to the buyer, and the inability to do so does not alter its classification. Consequently, the appeals were dismissed. Case-Laws Customs Thu, 12 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246222