https://www.taxtmi.com/caselaws?id=769898 Enhanced reassessment of a Bill of Entry cannot stand unless the importer's written acceptance is recorded or the proper officer issues a speaking order within fifteen days under section 17(5) of the Customs Act. Mere payment of duty for clearance does not, by itself, prove voluntary acceptance of the higher value. On valuation, arbitrary value loading is impermissible; transaction value remains the basis unless rejected under the prescribed procedure in Rule 12 of the Customs Valuation Rules, and any re-determination must follow the sequential valuation method. The reassessment was therefore without authority of law and was set aside. en-us Wed, 30 Apr 2025 00:00:00 +0530 Sat, 03 May 2025 08:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769898 Enhanced reassessment of a Bill of Entry cannot stand unless the importer's written acceptance is recorded or the proper officer issues a speaking order within fifteen days under section 17(5) of the Customs Act. Mere payment of duty for clearance does not, by itself, prove voluntary acceptance of the higher value. On valuation, arbitrary value loading is impermissible; transaction value remains the basis unless rejected under the prescribed procedure in Rule 12 of the Customs Valuation Rules, and any re-determination must follow the sequential valuation method. The reassessment was therefore without authority of law and was set aside. Case-Laws Customs Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769898