https://www.taxtmi.com/caselaws?id=768614 CESTAT New Delhi held that redetermination of FOB value under Customs Valuation Rules was without legal authority since no export duty was chargeable on the goods, making valuation irrelevant. The tribunal found that the exporter had no obligation to predict departmental value determination and had correctly declared transaction value. Confiscation under Section 113(i), redemption fine, and penalties under Sections 114 and 114AA were set aside as unsustainable. The appeal was allowed and the impugned order was set aside. en-us Wed, 09 Apr 2025 00:00:00 +0530 Wed, 09 Apr 2025 15:09:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768614 CESTAT New Delhi held that redetermination of FOB value under Customs Valuation Rules was without legal authority since no export duty was chargeable on the goods, making valuation irrelevant. The tribunal found that the exporter had no obligation to predict departmental value determination and had correctly declared transaction value. Confiscation under Section 113(i), redemption fine, and penalties under Sections 114 and 114AA were set aside as unsustainable. The appeal was allowed and the impugned order was set aside. Case-Laws Customs Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768614