The tribunal ruled that export incentives like drawback and ROSL must be computed on the actual FOB value and not on any revised value determined by customs authorities.
The Delhi Bench of Customs,Excise and Service Tax Appellate Tribunal(CESTAT) held that customs officers cannot alter the FOB value of export goods, as it reflects the transaction value mutually agreed upon between the buyer and seller. Mahajan Fabrics Private Limited,appellant-assessee,filed a shipping bill on 22.12.2018 at ICD Tughlakabad to export 598 cartons of readymade garments….
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