https://www.taxtmi.com/caselaws?id=338448 Goods cleared for export under bond but not actually exported remained liable to duty recovery, but the duty base had to be the value declared in the export declaration at the time of clearance. The later sale price could not be substituted, and the department's valuation lacked stated basis and was treated as arbitrary. The settled position applied was that, where export does not materialise after clearance under bond, duty is recoverable on the declared export value rather than on a later departmental valuation. The demand therefore required re-quantification on that basis. en-us Tue, 03 Jan 2017 00:00:00 +0530 Wed, 23 Aug 2017 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338448 Goods cleared for export under bond but not actually exported remained liable to duty recovery, but the duty base had to be the value declared in the export declaration at the time of clearance. The later sale price could not be substituted, and the department's valuation lacked stated basis and was treated as arbitrary. The settled position applied was that, where export does not materialise after clearance under bond, duty is recoverable on the declared export value rather than on a later departmental valuation. The demand therefore required re-quantification on that basis. Case-Laws Central Excise Tue, 03 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338448