2019 (8) TMI 1384

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..... he 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. - C/128/2011 - Final Order No. A/85560/2019-WZB - Dated:- 7-3-2019 - Dr. D.M. Misra, Member (J) and Shri P. Anjani .....

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..... as accepted the FOB value and allowed the DEPB benefit accordingly. But, he has imposed penalty of ₹ 1,40,000/- under Section 117 of the Customs Act, 1962 for misdeclaration of the PMV. 3. Learned Advocate for the appellant submits that since their FOB value has been accepted, DEPB benefit has been extended on the said value imposition of penalty is unwarranted and uncalled for. He .....

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