https://www.taxtmi.com/caselaws?id=53433 The appeals were allowed, and the Commissioner's orders were set aside. The Show Cause Notice was deemed untimely, as it was issued beyond the stipulated period without valid extension. The valuation of export goods was upheld based on full realization in foreign exchange. The Customs Department overstepped its jurisdiction in determining DEPB eligibility, which is the prerogative of the DGFT. Misdeclaration and confiscation of goods were not substantiated, and penalties imposed under the Customs Act, 1962, were not sustained. Consequently, the penalty and redemption fine were annulled. en-us Fri, 10 Sep 2004 00:00:00 +0530 Fri, 07 Jun 2024 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53433 The appeals were allowed, and the Commissioner's orders were set aside. The Show Cause Notice was deemed untimely, as it was issued beyond the stipulated period without valid extension. The valuation of export goods was upheld based on full realization in foreign exchange. The Customs Department overstepped its jurisdiction in determining DEPB eligibility, which is the prerogative of the DGFT. Misdeclaration and confiscation of goods were not substantiated, and penalties imposed under the Customs Act, 1962, were not sustained. Consequently, the penalty and redemption fine were annulled. Case-Laws Customs Fri, 10 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53433