https://www.taxtmi.com/caselaws?id=328950 The Appellant challenged Customs' improper duty liability calculation due to the wrong exchange rate application and failure to issue a speaking order under Section 17 (5) of the Customs Act, 1962. The Tribunal emphasized Customs' obligation to pass a speaking order and set aside the initial decision, remanding the matter for proper assessment under Section 17 (5). The appeal was disposed of in favor of the Appellant, highlighting the importance of correct valuation procedures and Customs' duty to fulfill statutory requirements without external reminders. en-us Mon, 13 Jun 2016 00:00:00 +0530 Thu, 16 Feb 2017 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328950 The Appellant challenged Customs' improper duty liability calculation due to the wrong exchange rate application and failure to issue a speaking order under Section 17 (5) of the Customs Act, 1962. The Tribunal emphasized Customs' obligation to pass a speaking order and set aside the initial decision, remanding the matter for proper assessment under Section 17 (5). The appeal was disposed of in favor of the Appellant, highlighting the importance of correct valuation procedures and Customs' duty to fulfill statutory requirements without external reminders. Case-Laws Customs Mon, 13 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328950