https://www.taxtmi.com/caselaws?id=456363 The HC directed customs authorities to conduct proper final assessment of export transactions within a reasonable timeframe after finding violation of natural justice principles. The petitioners were denied opportunity to participate in hearings for determining export value and duty liability despite bonds being taken under Section 143 of the Customs Act. The court noted no ultimate determination of export value had occurred and that any assessment without affording hearing opportunities was legally invalid. The HC ordered petitioners to appear before the Assessing Officer with supporting documents, mandating oral hearing be scheduled and export value determination completed within two months in accordance with Customs Act and applicable rules. en-us Tue, 20 Sep 2016 00:00:00 +0530 Fri, 19 Jul 2024 20:04:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456363 The HC directed customs authorities to conduct proper final assessment of export transactions within a reasonable timeframe after finding violation of natural justice principles. The petitioners were denied opportunity to participate in hearings for determining export value and duty liability despite bonds being taken under Section 143 of the Customs Act. The court noted no ultimate determination of export value had occurred and that any assessment without affording hearing opportunities was legally invalid. The HC ordered petitioners to appear before the Assessing Officer with supporting documents, mandating oral hearing be scheduled and export value determination completed within two months in accordance with Customs Act and applicable rules. Case-Laws Customs Tue, 20 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456363