https://www.taxtmi.com/caselaws?id=461884 An importer who expressly accepted enhancement of the declared value in writing, and waived show-cause notice and personal hearing, could not later challenge the redetermination of assessable value under the Customs Valuation Rules, 2007; the enhanced value was treated as accepted and the valuation challenge failed. The tribunal also recognised the limited penalty benefit where the order allowed deposit of only 25% of the penalty within the stipulated period and the record showed timely compliance. The principal valuation issue failed, while the penalty-related benefit was upheld. en-us Tue, 23 Apr 2024 00:00:00 +0530 Mon, 05 May 2025 14:13:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461884 An importer who expressly accepted enhancement of the declared value in writing, and waived show-cause notice and personal hearing, could not later challenge the redetermination of assessable value under the Customs Valuation Rules, 2007; the enhanced value was treated as accepted and the valuation challenge failed. The tribunal also recognised the limited penalty benefit where the order allowed deposit of only 25% of the penalty within the stipulated period and the record showed timely compliance. The principal valuation issue failed, while the penalty-related benefit was upheld. Case-Laws Customs Tue, 23 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461884