https://www.taxtmi.com/caselaws?id=780128 CESTAT (New Delhi - AT) held that FOB value declared in shipping bills is the transaction value under s.14 Customs Act and cannot be re-determined by a stranger to the contract; reliance on lower ARE-1 values was unjustified where full export price per invoices was received. The Tribunal set aside the Commissioner (Appeals) order that rejected declared values, reduced drawback and imposed confiscation, fines and penalties under ss.114/114AA/125 Customs Act, and allowed the appeal, finding the FOB declarations must stand. en-us Thu, 16 Oct 2025 00:00:00 +0530 Sat, 18 Oct 2025 11:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780128 CESTAT (New Delhi - AT) held that FOB value declared in shipping bills is the transaction value under s.14 Customs Act and cannot be re-determined by a stranger to the contract; reliance on lower ARE-1 values was unjustified where full export price per invoices was received. The Tribunal set aside the Commissioner (Appeals) order that rejected declared values, reduced drawback and imposed confiscation, fines and penalties under ss.114/114AA/125 Customs Act, and allowed the appeal, finding the FOB declarations must stand. Case-Laws Customs Thu, 16 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780128