https://www.taxtmi.com/caselaws?id=423374 The Tribunal addressed the issue of Customs authorities enhancing the importer's self-assessed value without providing reasons, emphasizing the need for a speaking order even if the importer consents. The Tribunal referred the matter to a Larger Bench due to conflicting views on the binding nature of the enhanced value acceptance by the importer. Key questions referred include the equivalence of accepted enhanced value to declared value and the binding nature of such acceptance. The scope of Section 17(5) of the Customs Act regarding mandatory speaking orders for changes in self-assessment was also highlighted for clarity. en-us Wed, 04 May 2022 00:00:00 +0530 Mon, 06 Jun 2022 08:27:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423374 The Tribunal addressed the issue of Customs authorities enhancing the importer's self-assessed value without providing reasons, emphasizing the need for a speaking order even if the importer consents. The Tribunal referred the matter to a Larger Bench due to conflicting views on the binding nature of the enhanced value acceptance by the importer. Key questions referred include the equivalence of accepted enhanced value to declared value and the binding nature of such acceptance. The scope of Section 17(5) of the Customs Act regarding mandatory speaking orders for changes in self-assessment was also highlighted for clarity. Case-Laws Customs Wed, 04 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423374