Customs Cannot Re-determine Export FOB Value: CESTAT Delhi

Jayantah Trading Co Vs Commissioner of Customs(Appeals) (CESTAT Delhi) In a significant ruling for exporters, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Delhi has set aside an order by the Commissioner of Customs (Appeals) that re-determined the Free on Board (FOB) value of exported readymade garments. The appeals were filed by M/s Jayantah Trading Company and its proprietor, Shri Sunil Kumar, challenging the re-determination of FOB value, confiscation of goods, and imposition of fines and penalties. Appellant was represented by Shri Viney Kumar, Advocate. The case origin...