https://www.taxtmi.com/caselaws?id=791907 Customs valuation under Section 14 of the Customs Act, 1962 read with Rule 12(2) of the Customs Valuation Rules, 2007 requires the proper officer to record and communicate reasons for doubting the declared transaction value before rejecting it and reassessing. A written acceptance of enhanced value does not, by itself, extinguish the importer's right to challenge the valuation, especially where the letters show clearance under protest rather than unconditional consent. The later Delhi High Court view noted that written acceptance under Section 17(5) only dispenses with a speaking order; it does not waive the statutory safeguards in Rule 12(2) or bar challenge to the reassessment. en-us Thu, 14 May 2026 00:00:00 +0530 Wed, 20 May 2026 08:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791907 Customs valuation under Section 14 of the Customs Act, 1962 read with Rule 12(2) of the Customs Valuation Rules, 2007 requires the proper officer to record and communicate reasons for doubting the declared transaction value before rejecting it and reassessing. A written acceptance of enhanced value does not, by itself, extinguish the importer's right to challenge the valuation, especially where the letters show clearance under protest rather than unconditional consent. The later Delhi High Court view noted that written acceptance under Section 17(5) only dispenses with a speaking order; it does not waive the statutory safeguards in Rule 12(2) or bar challenge to the reassessment. Case-Laws Customs Thu, 14 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791907