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2019 (8) TMI 1384 - AT - CustomsImposition of penalty u/s 117 of Customs duty - it was alleged that the FOB value declared by the appellant is lesser than the PMV value resulting into excess claim of DEPB, assessment was finalized - HELD THAT:- While finalizing the assessment of the export goods the adjudicating authority has accepted the FOB value as declared by the appellant and allowed the DEPB benefit accordingly. Therefore, imposition of penalty under Section 117 of the Customs Act, 1962 is unwarranted. The penalty is set aside - Appeal allowed.
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