Customs Officer not empowered to modify FOB value of goods: CESTAT Delhi

JBN Apparels Pvt Ltd Vs Commissioner of Customs (CESTAT Delhi) CESTAT Delhi held that FOB value is the transaction value and customs officer has no right to interfere/ modify the FOB value of the goods. Thus, appeal of exporter’s allowed and order set aside. Facts- The three exporters filed shipping bills to export garments in the Inland Container Depot, Tughlakabad. On 08.02.2019, officers of the Directorate of Revenue Intelligence forwarded to the Principal Commissioner of Customs, ICD, TKD a letter sent by the Deputy Director of Income Tax (Investigation) New Delhi. In this letter, Income...