The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has stated that no stranger to the contract, including any Customs officer has any right to interfere with the Free on Board (FOB) value of the goods. The Bench of Justice Dilip Gupta (President) and P.V. Subba Rao (Technical Member) has stated that “there is a privity of contract between the buyer...
