https://www.taxtmi.com/caselaws?id=456079 CESTAT Kolkata dismissed revenue's appeal challenging commissioner's decision on export valuation to Bangladesh. The exporter was accused of overvaluing export consignments to claim higher DEPB scheme benefits, leading to confiscation under Section 113(d)(i) and penalties under Sections 114 and 114AA of Customs Act 1962. The commissioner conducted market verification using samples from seized consignments and determined declared values were genuine. CESTAT held that DRI's market enquiries conducted without exporter's participation cannot solely determine export goods' market value. The tribunal ruled that once declared values were found genuine, other charges against the exporter could not survive, and any irregularities regarding Bangladesh's legal requirements should be addressed by Bangladesh authorities. en-us Fri, 29 Jul 2022 00:00:00 +0530 Tue, 25 Jun 2024 19:48:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456079 CESTAT Kolkata dismissed revenue's appeal challenging commissioner's decision on export valuation to Bangladesh. The exporter was accused of overvaluing export consignments to claim higher DEPB scheme benefits, leading to confiscation under Section 113(d)(i) and penalties under Sections 114 and 114AA of Customs Act 1962. The commissioner conducted market verification using samples from seized consignments and determined declared values were genuine. CESTAT held that DRI's market enquiries conducted without exporter's participation cannot solely determine export goods' market value. The tribunal ruled that once declared values were found genuine, other charges against the exporter could not survive, and any irregularities regarding Bangladesh's legal requirements should be addressed by Bangladesh authorities. Case-Laws Customs Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456079