Deduction of Air Freight element from f.o.b. value – regarding

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..... l (AEPC) has represented that Customs authorities have initiated recovery proceedings in respect of certain garment exporters on the premise that they have wrongfully availed excess drawback on consignments, on the f.o.b. value including the element of air freight which otherwise merited deduction. 2. AEPC on the contrary has asserted that the contracts/LC have been on freight collect .....

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..... re-work the drawback amount by deducting the freight element from the contracted f.o.b. value. 4. This applies to all kinds of commodities. All pending cases of the parties may be decided accordingly. 5. Suitable public notices for information of the trade and standing orders for guidance of the staff may kindly be issued accordingly. 6. The receipt of this Circ .....

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