https://www.taxtmi.com/caselaws?id=783548 Customs duty exemption under the EXIM Policy and linked notification was available only on strict proof of genuine processing or manufacture meeting the prescribed 33% value addition requirement. The record showed only 5.18% value addition, and the higher FOB value was treated as paper value arising from the rupee-rouble arrangement rather than real enhancement of the goods, so the exemption failed. Because the licence declarations did not reflect the actual position and the import conditions were not fulfilled, the goods were liable to confiscation and penalty for breach of licence and notification conditions. en-us Fri, 12 Dec 2025 00:00:00 +0530 Thu, 18 Dec 2025 08:01:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783548 Customs duty exemption under the EXIM Policy and linked notification was available only on strict proof of genuine processing or manufacture meeting the prescribed 33% value addition requirement. The record showed only 5.18% value addition, and the higher FOB value was treated as paper value arising from the rupee-rouble arrangement rather than real enhancement of the goods, so the exemption failed. Because the licence declarations did not reflect the actual position and the import conditions were not fulfilled, the goods were liable to confiscation and penalty for breach of licence and notification conditions. Case-Laws Customs Fri, 12 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783548