https://www.taxtmi.com/caselaws?id=328007 The Tribunal allowed the appeal in favor of the appellant, setting aside the Commissioner's order that reduced the declared value of goods exported under the DEPB Scheme and imposed a penalty. The Tribunal emphasized the importance of accurate declaration, verification during export, and full realization of export proceeds in determining DEPB benefits. It held that benefits should be extended based on the FOB value when the declared value is correct. The decision highlighted the need for proper assessment grounded in factual evidence and adherence to legal principles in resolving valuation disputes under export schemes. en-us Fri, 13 May 2016 00:00:00 +0530 Sat, 21 May 2016 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328007 The Tribunal allowed the appeal in favor of the appellant, setting aside the Commissioner's order that reduced the declared value of goods exported under the DEPB Scheme and imposed a penalty. The Tribunal emphasized the importance of accurate declaration, verification during export, and full realization of export proceeds in determining DEPB benefits. It held that benefits should be extended based on the FOB value when the declared value is correct. The decision highlighted the need for proper assessment grounded in factual evidence and adherence to legal principles in resolving valuation disputes under export schemes. Case-Laws Customs Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328007