https://www.taxtmi.com/caselaws?id=781499 CESTAT held that the FOB value is the transaction value agreed between exporter and overseas buyer, and neither the Act nor the Export Valuation Rules authorise a customs officer or any third party to redetermine that FOB transaction value. Customs may determine assessable value under section 14 for duty purposes, but they cannot alter the contracted FOB price to deny or recover export incentives. The tribunal set aside the impugned reassessment of FOB value and allowed the appeal. en-us Tue, 22 Jul 2025 00:00:00 +0530 Mon, 17 Nov 2025 08:36:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781499 CESTAT held that the FOB value is the transaction value agreed between exporter and overseas buyer, and neither the Act nor the Export Valuation Rules authorise a customs officer or any third party to redetermine that FOB transaction value. Customs may determine assessable value under section 14 for duty purposes, but they cannot alter the contracted FOB price to deny or recover export incentives. The tribunal set aside the impugned reassessment of FOB value and allowed the appeal. Case-Laws Customs Tue, 22 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781499