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of <h1>Review of Circular No.16/2003: Speaking Order Not Required for Value Enhancement if Importer Consents in Writing.</h1> The circular addresses the need for a review of Circular No.16/2003 concerning Rule 10A of the Customs Valuation Rules, 1988. During a conference, it was noted that issuing a speaking order for every enhancement of value might be impractical, especially when importers agree to the increased value based on data from the National Import Data Base. The Board clarifies that while officers must provide reasons for value enhancement upon request, a speaking order is not necessary if the importer consents in writing. This approach aims to prevent arbitrary value enhancements while ensuring transparency.
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