https://www.taxtmi.com/caselaws?id=785413 Section 28AAA recovery of export incentive scrip benefits requires a prior determination by the competent licensing authority that the scrip was wrongly issued or illegally obtained; customs authorities cannot independently question its validity. Rejection of declared export value also requires reasoned rejection followed by the prescribed sequential valuation method. A distinction between dry coconut and copra did not establish a legally sustainable misdeclaration or justify reassessment. Without valid rejection of value, drawback curtailment, confiscation, and penalties lacked foundation. The adjudication order was set aside and the appeals succeeded. en-us Wed, 03 Dec 2025 00:00:00 +0530 Tue, 20 Jan 2026 12:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785413 Section 28AAA recovery of export incentive scrip benefits requires a prior determination by the competent licensing authority that the scrip was wrongly issued or illegally obtained; customs authorities cannot independently question its validity. Rejection of declared export value also requires reasoned rejection followed by the prescribed sequential valuation method. A distinction between dry coconut and copra did not establish a legally sustainable misdeclaration or justify reassessment. Without valid rejection of value, drawback curtailment, confiscation, and penalties lacked foundation. The adjudication order was set aside and the appeals succeeded. Case-Laws Customs Wed, 03 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785413