https://www.taxtmi.com/caselaws?id=100823 A Settlement Commission has no inherent power to review or rectify its final settlement order unless the Customs Act expressly confers that power, so a rectification request against a concluded settlement order was not maintainable. In valuation matters, the Customs Valuation Rules must be applied sequentially, and Rule 5(3) cannot be invoked unless the applicant shows a lawful basis to displace the valuation already adopted. The Commission found no legal error in relying on comparable goods, export declarations, admitted values and the nature of the imported goods, and rejected the attempt to recompute the additional duty liability. The original settlement determination therefore remained undisturbed. en-us Fri, 23 Nov 2001 00:00:00 +0530 Tue, 07 Feb 2012 12:19:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100823 A Settlement Commission has no inherent power to review or rectify its final settlement order unless the Customs Act expressly confers that power, so a rectification request against a concluded settlement order was not maintainable. In valuation matters, the Customs Valuation Rules must be applied sequentially, and Rule 5(3) cannot be invoked unless the applicant shows a lawful basis to displace the valuation already adopted. The Commission found no legal error in relying on comparable goods, export declarations, admitted values and the nature of the imported goods, and rejected the attempt to recompute the additional duty liability. The original settlement determination therefore remained undisturbed. Case-Laws Customs Fri, 23 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100823