1999 (6) TMI 375

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....espondent. [Order per : G.A. Brahma Deva, Member (J)]. - The short point to be considered in this appeal is whether the excess amount collected as freight and insurance is to be added in the assessable value under Section 4 of the Act. 2. The Asst. Collector has taken a view that since the goods have been exported under bond and no duty is leviable, the deductions under Section 4 towards ....

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....sible for academic interest to arrive at F.O.B. value even where goods are exported in bond. 3. Both the sides submit that the question involved in this case is whether department was justified in adding the excess freight and insurance charges on the ground that the amount collected by the party is more than the amount spent towards actual transport and insurance. It was brought to our noti....

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....52A. This value is relevant for the purposes of Rule 12 & Rule 13 of Central Excise Rules, 1944. "FOB Value" is relevant for Customs purposes and other schemes like drawback, exports under DEEC etc. However, in cases where it is found that on account of variance between FOB Value and the AR4 Value, the exporter is getting unusually high drawback and DEEC benefit, the matter may be referred to the ....