2012 (7) TMI 927 - SCH - Customs

DEPB benefit - Misdeclaration of value - Circular No. 69/97-Cus., dated 8-12-1997 - whether the DEPB rate is to be applied on the PMV or the benefit should be capped at 50% of PMV which is what the Public Notice Issued by DGFT envisages.

Summary

The Supreme Court dismissed the appeal against the decision of the Customs, Excise & Service Tax Appellate Tribunal, New Delhi in Custom Appeal Nos. 791-792 of 2008-Cus.