Value of Export Goods is FOB Value as per S. 14 of Customs Act: CESTAT sets aside Notice Issued in absence of Mis-declaration of Goods [Read Order]

The CESTAT modified the impugned order to the extent that the FOB value shall be the transaction value
Export Goods - Value of Export Goods - CESTAT hyderabad - Section 14 of Customs Act - Mis-declaration of Goods - taxscan

The Hyderabad bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) has observed that value of export goods are transaction value as per Section 14 of Customs Act, 1962 and set aside the notice issued under customs act demanding penalty in absence of misdeclaration of goods. Terapanth Foods Ltd and Shri…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now