Customs Officers Cannot Alter FOB Value as It Reflects Buyer-Seller Agreement: CESTAT

Mahajan Fabrics Private Limited Vs Principal Commissioner/Commissioner of Customs (Export) (CESTAT Delhi) In the matter above-mentioned CESTAT Delhi Bench held that customs officers are stranger to the contract between the exporter and the overseas buyer and has no locus standi to change the FOB value of the goods. The appellant filed a shipping bill dated 22.12.2018 in Inland Container Depot, Tughlakabad to export 598 cartons of readymade garments. These goods were examined by the Special Intelligence and Investigation Branch officers of the Depot found that the shipping bill indicated the FO...