https://www.taxtmi.com/caselaws?id=425875 Imported goods' assessable value cannot be enhanced merely because the importer signed a consent letter; the declared transaction value must first be rejected for recorded, cogent reasons and any re-determination must follow the Customs Act, 1962 and the Customs Valuation Rules. A bare enhancement without disclosure of the basis and without a proper opportunity to rebut it is insufficient, and the absence of a speaking order under Section 17(5) does not cure non-compliance with Section 14 and the valuation rules. The matter therefore requires fresh reconsideration with reasons and a hearing before reassessment. en-us Mon, 01 Aug 2022 00:00:00 +0530 Wed, 03 Aug 2022 08:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425875 Imported goods' assessable value cannot be enhanced merely because the importer signed a consent letter; the declared transaction value must first be rejected for recorded, cogent reasons and any re-determination must follow the Customs Act, 1962 and the Customs Valuation Rules. A bare enhancement without disclosure of the basis and without a proper opportunity to rebut it is insufficient, and the absence of a speaking order under Section 17(5) does not cure non-compliance with Section 14 and the valuation rules. The matter therefore requires fresh reconsideration with reasons and a hearing before reassessment. Case-Laws Customs Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425875