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2018 (5) TMI 1142 - AT - CustomsDEPB credit - mis-declaration of value of export goods to avail excess DEPB credit - Held that: - It is settled position of law that value of transactions of export/import are required to be done on the basis of the transaction value, as per Section 14 - In the present case, reasons for rejection of transaction value are not clearly forthcoming. It appears to us that the transaction value has been rejected only on the basis of the market enquires conducted with other local exporters. This cannot be a basis for rejection of transaction value, particularly in view of the fact that the foreign importer has remitted the proceeds of the export goods in full - appeal allowed - decided in favor of appellant.
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