https://www.taxtmi.com/caselaws?id=31262 Export goods found by laboratory testing and market enquiry to be inferior in quality and lower in value than declared were treated as artificially overvalued to secure higher DEPB benefits. The declared FOB value was rejected, and present market value was adopted for DEPB assessment on the basis of trade evidence, test reports and market verification. On that footing, confiscation, revaluation at Rs. 16 per metre, and penalty were upheld, and the adjudication order was maintained in full against the assessee. en-us Thu, 15 Nov 2007 00:00:00 +0530 Fri, 24 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31262 Export goods found by laboratory testing and market enquiry to be inferior in quality and lower in value than declared were treated as artificially overvalued to secure higher DEPB benefits. The declared FOB value was rejected, and present market value was adopted for DEPB assessment on the basis of trade evidence, test reports and market verification. On that footing, confiscation, revaluation at Rs. 16 per metre, and penalty were upheld, and the adjudication order was maintained in full against the assessee. Case-Laws Customs Thu, 15 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31262