https://www.taxtmi.com/caselaws?id=465309 Where an importer expressly accepts the reassessed enhanced value in writing after being shown contemporaneous import data, that consented value becomes the basis of assessment and the importer cannot later dispute the reassessment on those facts. Section 17 of the Customs Act permits reassessment when self-assessment is found incorrect, and Section 17(5) requires a speaking order only when the importer or exporter does not confirm acceptance in writing. In this situation, no further valuation exercise under Rules 4 to 9 of the Customs Valuation Rules, 2007 was necessary, and the reassessment and appellate order were upheld. en-us Tue, 07 May 2024 00:00:00 +0530 Tue, 16 Dec 2025 09:28:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465309 Where an importer expressly accepts the reassessed enhanced value in writing after being shown contemporaneous import data, that consented value becomes the basis of assessment and the importer cannot later dispute the reassessment on those facts. Section 17 of the Customs Act permits reassessment when self-assessment is found incorrect, and Section 17(5) requires a speaking order only when the importer or exporter does not confirm acceptance in writing. In this situation, no further valuation exercise under Rules 4 to 9 of the Customs Valuation Rules, 2007 was necessary, and the reassessment and appellate order were upheld. Case-Laws Customs Tue, 07 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465309