https://www.taxtmi.com/caselaws?id=373669 Customs value enhancement based on contemporaneous imports was held unsustainable where the importer did not consent to assessment at the enhanced value and the officer failed to pass a speaking order departing from self-assessment. The text explains that, under the customs valuation and assessment framework, rejection of the declared value and reassessment at a higher value require compliance with the statutory safeguard in Section 17(5). In the absence of that procedural compliance, the enhancement was treated as arbitrary and the reassessment could not be sustained. en-us Wed, 08 Aug 2018 00:00:00 +0530 Fri, 21 Feb 2020 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373669 Customs value enhancement based on contemporaneous imports was held unsustainable where the importer did not consent to assessment at the enhanced value and the officer failed to pass a speaking order departing from self-assessment. The text explains that, under the customs valuation and assessment framework, rejection of the declared value and reassessment at a higher value require compliance with the statutory safeguard in Section 17(5). In the absence of that procedural compliance, the enhancement was treated as arbitrary and the reassessment could not be sustained. Case-Laws Customs Wed, 08 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373669