https://www.taxtmi.com/caselaws?id=801936 Customs circulars addressing agency commission and foreign bank charges govern only the FOB-value base for specified export incentives; they neither cap overseas agency commission nor regulate remittances under FEMA, RBI directions, or foreign trade law. Under the statutory export-valuation framework, commission paid from export proceeds to an overseas agent is a selling expense and does not reduce an otherwise acceptable transaction or FOB value merely because it exceeds 12.5%. For Duty Drawback, RoDTEP and RoSCTL, commission and bank charges above the aggregate 12.5% threshold are deducted from FOB value only to the extent of the excess when calculating benefits. The circulars cannot amend transaction-value rules or impose an independent commission cap. en-us Mon, 26 Oct 2026 00:00:00 +0530 Thu, 29 Oct 2026 06:33:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801936 Customs circulars addressing agency commission and foreign bank charges govern only the FOB-value base for specified export incentives; they neither cap overseas agency commission nor regulate remittances under FEMA, RBI directions, or foreign trade law. Under the statutory export-valuation framework, commission paid from export proceeds to an overseas agent is a selling expense and does not reduce an otherwise acceptable transaction or FOB value merely because it exceeds 12.5%. For Duty Drawback, RoDTEP and RoSCTL, commission and bank charges above the aggregate 12.5% threshold are deducted from FOB value only to the extent of the excess when calculating benefits. The circulars cannot amend transaction-value rules or impose an independent commission cap. Case-Laws Customs Mon, 26 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801936