https://www.taxtmi.com/caselaws?id=343005 Declared FOB export value will not be displaced on suspicion alone; the Revenue must produce substantive material showing overvaluation, lack of arm's length dealing, mutuality of interest, or other evidence that the transaction price is unreliable. Mere comparison with foreign sale prices, without proof of hawala payments, backflow of funds, or illegal financing, is insufficient to justify interference with the valuation accepted by the Settlement Commission. A writ challenge filed without clear statutory authority was also found not to be cured merely by later impleadment of the Customs Commissioner. The declared export value was accepted and no basis was found to interfere with the Settlement Commission's order. en-us Mon, 15 May 2017 00:00:00 +0530 Fri, 17 Nov 2017 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343005 Declared FOB export value will not be displaced on suspicion alone; the Revenue must produce substantive material showing overvaluation, lack of arm's length dealing, mutuality of interest, or other evidence that the transaction price is unreliable. Mere comparison with foreign sale prices, without proof of hawala payments, backflow of funds, or illegal financing, is insufficient to justify interference with the valuation accepted by the Settlement Commission. A writ challenge filed without clear statutory authority was also found not to be cured merely by later impleadment of the Customs Commissioner. The declared export value was accepted and no basis was found to interfere with the Settlement Commission's order. Case-Laws Customs Mon, 15 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343005