https://www.taxtmi.com/caselaws?id=351531 Corroborated witness statements may be relied on even where some witnesses are not for effective cross-examination, if the adjudicating authority records reasons and the statements are supported by documentary material and surrounding evidence. The Tribunal also sustained the finding of over-valuation of export goods, accepting that manipulated invoices, suppressed costing and a fictitious value-addition claim can establish an inflated FOB value; foreign exchange realisation by itself does not validate the declared export value. However, while upholding confiscability and the substantive findings, it reduced the penalties as excessive in relation to the inadmissible DEPB benefit derived from the over-valuation. en-us Mon, 06 Nov 2017 00:00:00 +0530 Thu, 28 Feb 2019 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351531 Corroborated witness statements may be relied on even where some witnesses are not for effective cross-examination, if the adjudicating authority records reasons and the statements are supported by documentary material and surrounding evidence. The Tribunal also sustained the finding of over-valuation of export goods, accepting that manipulated invoices, suppressed costing and a fictitious value-addition claim can establish an inflated FOB value; foreign exchange realisation by itself does not validate the declared export value. However, while upholding confiscability and the substantive findings, it reduced the penalties as excessive in relation to the inadmissible DEPB benefit derived from the over-valuation. Case-Laws Customs Mon, 06 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351531