https://www.taxtmi.com/caselaws?id=54133 Present Market Value declared for DEPB credit was accepted where the AR-4 value matched the declared value and the departmental cost analysis had limited relevance. The Tribunal noted that Board circulars allow verification of market value to prevent misuse of the DEPB scheme, but they do not justify rejecting a declared value without compelling basis. Relying on applicable precedent, it held that a 20% difference from the departmental valuation was not excessive on these facts, so the declared value remained reasonable and the Revenue's challenge failed. en-us Fri, 13 May 2005 00:00:00 +0530 Mon, 18 Oct 2010 11:38:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54133 Present Market Value declared for DEPB credit was accepted where the AR-4 value matched the declared value and the departmental cost analysis had limited relevance. The Tribunal noted that Board circulars allow verification of market value to prevent misuse of the DEPB scheme, but they do not justify rejecting a declared value without compelling basis. Relying on applicable precedent, it held that a 20% difference from the departmental valuation was not excessive on these facts, so the declared value remained reasonable and the Revenue's challenge failed. Case-Laws Customs Fri, 13 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54133