https://www.taxtmi.com/caselaws?id=258060 The Central Government upheld the original authority's decision to restrict the rebate based on the declared FOB value in the shipping bills, rejecting the applicant's arguments regarding the components of freight and insurance. The Government also affirmed that the FOB value, not CIF value, should be considered the transaction value for rebate purposes under Section 4 of the Central Excise Act, 1944. Additionally, it clarified that the Maritime Commissioner had the authority to sanction rebate claims as per the Notification under Rule 18 of the Central Excise Rules, 2002, and upheld the assessment of rebate claims based on the duty payable on the FOB value of the goods. en-us Mon, 10 Dec 2012 00:00:00 +0530 Mon, 30 Mar 2015 06:09:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258060 The Central Government upheld the original authority's decision to restrict the rebate based on the declared FOB value in the shipping bills, rejecting the applicant's arguments regarding the components of freight and insurance. The Government also affirmed that the FOB value, not CIF value, should be considered the transaction value for rebate purposes under Section 4 of the Central Excise Act, 1944. Additionally, it clarified that the Maritime Commissioner had the authority to sanction rebate claims as per the Notification under Rule 18 of the Central Excise Rules, 2002, and upheld the assessment of rebate claims based on the duty payable on the FOB value of the goods. Case-Laws Central Excise Mon, 10 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258060