https://www.taxtmi.com/caselaws?id=51288 Declared commercial invoice evidence was treated as the best proof of export value, and customs could not displace it on the basis of unreliable market witnesses or inconclusive departmental material where supplier verification was readily possible. In the absence of credible evidence that the declared market value was false, and with no established violation of the Customs Act, confiscation and penalty had no legal foundation. The note also records that departmental circulars required consideration of sale invoices and similar documents before rejecting declared value, and that the exporter was therefore entitled to the declared DEPB benefit on the FOB and market values stated. en-us Tue, 04 Jun 2002 00:00:00 +0530 Thu, 23 Sep 2010 18:47:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51288 Declared commercial invoice evidence was treated as the best proof of export value, and customs could not displace it on the basis of unreliable market witnesses or inconclusive departmental material where supplier verification was readily possible. In the absence of credible evidence that the declared market value was false, and with no established violation of the Customs Act, confiscation and penalty had no legal foundation. The note also records that departmental circulars required consideration of sale invoices and similar documents before rejecting declared value, and that the exporter was therefore entitled to the declared DEPB benefit on the FOB and market values stated. Case-Laws Customs Tue, 04 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51288