https://www.taxtmi.com/article/detailed?id=15221 Abatement of Customs duty permits reduction of duty when imported goods arrive damaged and their market value is lower than declared. The procedure requires prompt notification, appointment of a Customs-approved surveyor whose report quantifies damage and reduced value, and submission of documentary evidence. Customs reassesses duty on the reduced value and issues an amended assessment; revaluation must be done before clearance. Full or partial abatements depend on the extent of damage, while damage caused by importer negligence or unauthorised storage precludes relief. en-us Sat, 11 Oct 2025 09:01:59 +0530 Sat, 11 Oct 2025 09:01:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15221 Abatement of Customs duty permits reduction of duty when imported goods arrive damaged and their market value is lower than declared. The procedure requires prompt notification, appointment of a Customs-approved surveyor whose report quantifies damage and reduced value, and submission of documentary evidence. Customs reassesses duty on the reduced value and issues an amended assessment; revaluation must be done before clearance. Full or partial abatements depend on the extent of damage, while damage caused by importer negligence or unauthorised storage precludes relief. Articles Customs - Import - Export - SEZ Sat, 11 Oct 2025 09:01:59 +0530 https://www.taxtmi.com/article/detailed?id=15221