https://www.taxtmi.com/caselaws?id=753531 CESTAT Kolkata dismissed Revenue's appeal challenging value enhancement rejection. The Proper Officer assessed goods under section 17(4) of Customs Act, 1962 but failed to pass mandatory speaking order under section 17(5) within fifteen days explaining reasons for rejecting declared transaction value. Without such reasoned order and evidence, the enhanced assessment was unsustainable. The tribunal upheld Commissioner(Appeals) decision accepting importer's declared value, finding no infirmity in the impugned order due to procedural non-compliance and violation of natural justice principles. en-us Fri, 22 Mar 2024 00:00:00 +0530 Mon, 03 Jun 2024 19:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753531 CESTAT Kolkata dismissed Revenue's appeal challenging value enhancement rejection. The Proper Officer assessed goods under section 17(4) of Customs Act, 1962 but failed to pass mandatory speaking order under section 17(5) within fifteen days explaining reasons for rejecting declared transaction value. Without such reasoned order and evidence, the enhanced assessment was unsustainable. The tribunal upheld Commissioner(Appeals) decision accepting importer's declared value, finding no infirmity in the impugned order due to procedural non-compliance and violation of natural justice principles. Case-Laws Customs Fri, 22 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753531