https://www.taxtmi.com/caselaws?id=310991 CESTAT Delhi dismissed appeals challenging enhancement of assessable value for imported aluminum scrap (zorba, tally, twitch). The appellant had accepted re-determined enhanced value in writing and cleared goods after paying duty on enhanced value. The tribunal held that under section 17(5) of Customs Act, when importer accepts re-assessment in writing, no speaking order is required. Since appellant agreed to enhanced value based on contemporaneous imports data, the originally declared value was automatically rejected. The tribunal found no necessity for assessing officer to determine value under Valuation Rules 4-9 sequentially once enhanced value was accepted. Appeals dismissed as no grounds existed to interfere with Commissioner's orders upholding reassessment. en-us Wed, 13 Sep 2023 00:00:00 +0530 Thu, 30 Nov 2023 18:02:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310991 CESTAT Delhi dismissed appeals challenging enhancement of assessable value for imported aluminum scrap (zorba, tally, twitch). The appellant had accepted re-determined enhanced value in writing and cleared goods after paying duty on enhanced value. The tribunal held that under section 17(5) of Customs Act, when importer accepts re-assessment in writing, no speaking order is required. Since appellant agreed to enhanced value based on contemporaneous imports data, the originally declared value was automatically rejected. The tribunal found no necessity for assessing officer to determine value under Valuation Rules 4-9 sequentially once enhanced value was accepted. Appeals dismissed as no grounds existed to interfere with Commissioner's orders upholding reassessment. Case-Laws Customs Wed, 13 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310991