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Enhancement of declared customs value during reassessment under section 17(4) requires a speaking order under section 17(5) of the Customs Act, 1962. Failure to issue that order violates the statutory requirement and makes the reassessment unsustainable. The declared value must be accepted, with the assessments and appellate order set aside and consequential relief granted.
Enhancement of declared customs value during reassessment under section 17(4) requires a speaking order under section 17(5) of the Customs Act, 1962. Failure to issue that order violates the statutory requirement and makes the reassessment unsustainable. The declared value must be accepted, with the assessments and appellate order set aside and consequential relief granted.
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