https://www.taxtmi.com/acts?id=12077 Importers and exporters must self-assess duties on declared goods, subject to verification by the proper officer who may examine goods and require production of contracts, broker's notes, insurance policies, catalogues or other documents and information. If verification shows incorrect self-assessment, the proper officer may re-assess duty and, where re-assessment conflicts with declarant claims and is not accepted in writing, must pass a reasoned (speaking) order within a prescribed short period; failing re-assessment or speaking order, the officer may audit assessments at office or premises. A transitional clause preserves prior law for earlier entries. en-us Wed, 02 Mar 2011 16:23:13 +0530 Sat, 07 Mar 2015 17:30:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12077 Importers and exporters must self-assess duties on declared goods, subject to verification by the proper officer who may examine goods and require production of contracts, broker's notes, insurance policies, catalogues or other documents and information. If verification shows incorrect self-assessment, the proper officer may re-assess duty and, where re-assessment conflicts with declarant claims and is not accepted in writing, must pass a reasoned (speaking) order within a prescribed short period; failing re-assessment or speaking order, the officer may audit assessments at office or premises. A transitional clause preserves prior law for earlier entries. Act-Rules Bills Wed, 02 Mar 2011 16:23:13 +0530 https://www.taxtmi.com/acts?id=12077