https://www.taxtmi.com/caselaws?id=779705 CESTAT held that FOB transaction value declared by the exporter cannot be re-determined by the proper officer so as to render the exports liable to confiscation merely because the officer later arrives at a different value; export incentives impose a remittance duty but do not change the declared transaction value for shipping bills. Because the appellant had declared the transaction value on FOB basis, confiscation under section 113(i), redemption fine under section 125 and penalties under sections 114(i) and 114AA were unsustainable. Impugned order set aside; appeal allowed. en-us Wed, 01 Oct 2025 00:00:00 +0530 Sat, 11 Oct 2025 09:01:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779705 CESTAT held that FOB transaction value declared by the exporter cannot be re-determined by the proper officer so as to render the exports liable to confiscation merely because the officer later arrives at a different value; export incentives impose a remittance duty but do not change the declared transaction value for shipping bills. Because the appellant had declared the transaction value on FOB basis, confiscation under section 113(i), redemption fine under section 125 and penalties under sections 114(i) and 114AA were unsustainable. Impugned order set aside; appeal allowed. Case-Laws Customs Wed, 01 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779705