https://www.taxtmi.com/caselaws?id=417960 The tribunal ruled in favor of the appellant, emphasizing the correct interpretation of Section 75 of the Customs Act, 1962. It held that duty drawback should not be restricted to 50% of FOB value and highlighted the necessity of using imported materials in exported goods with proper documentation. The tribunal also stressed the importance of compliance with terms and conditions for converting shipping bills, remitting the matter back to the Commissioner for a fresh order to ensure procedural adherence and thorough consideration of all relevant factors in resolving the dispute effectively. en-us Fri, 04 Feb 2022 00:00:00 +0530 Sat, 05 Feb 2022 08:25:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417960 The tribunal ruled in favor of the appellant, emphasizing the correct interpretation of Section 75 of the Customs Act, 1962. It held that duty drawback should not be restricted to 50% of FOB value and highlighted the necessity of using imported materials in exported goods with proper documentation. The tribunal also stressed the importance of compliance with terms and conditions for converting shipping bills, remitting the matter back to the Commissioner for a fresh order to ensure procedural adherence and thorough consideration of all relevant factors in resolving the dispute effectively. Case-Laws Customs Fri, 04 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417960