https://www.taxtmi.com/caselaws?id=32775 The Appellate Tribunal CESTAT, New Delhi heard an appeal regarding the confiscation of jute bags due to the exporter declaring a higher FOB value. The goods were to be redeemed on payment of a fine and penalty. The Tribunal found the confiscation unsustainable due to the lack of correlation between the declared FOB value and the DEPB claim based on weight. The appeal was allowed, setting aside the confiscation. en-us Wed, 11 Jun 2008 00:00:00 +0530 Tue, 31 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32775 The Appellate Tribunal CESTAT, New Delhi heard an appeal regarding the confiscation of jute bags due to the exporter declaring a higher FOB value. The goods were to be redeemed on payment of a fine and penalty. The Tribunal found the confiscation unsustainable due to the lack of correlation between the declared FOB value and the DEPB claim based on weight. The appeal was allowed, setting aside the confiscation. Case-Laws Customs Wed, 11 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32775