https://www.taxtmi.com/caselaws?id=797207 Customs valuation must ordinarily be based on the declared transaction value under Section 14(1). If the declared value is doubted, Rule 12 requires reasonable and cogent grounds, further inquiry where necessary, recorded reasons for rejection, communication of those grounds on request, and a reasonable hearing before value is determined under the applicable valuation rules. Reassessment under Section 17 must comply with this framework. An importer's written acceptance of an enhanced value, including to secure prompt clearance, neither waives the right to contest assessment nor removes the requirement to follow statutory valuation safeguards and natural justice. Enhancement based solely on consent is therefore legally unsustainable. en-us Thu, 16 Apr 2026 00:00:00 +0530 Wed, 19 Aug 2026 08:20:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797207 Customs valuation must ordinarily be based on the declared transaction value under Section 14(1). If the declared value is doubted, Rule 12 requires reasonable and cogent grounds, further inquiry where necessary, recorded reasons for rejection, communication of those grounds on request, and a reasonable hearing before value is determined under the applicable valuation rules. Reassessment under Section 17 must comply with this framework. An importer's written acceptance of an enhanced value, including to secure prompt clearance, neither waives the right to contest assessment nor removes the requirement to follow statutory valuation safeguards and natural justice. Enhancement based solely on consent is therefore legally unsustainable. Case-Laws Customs Thu, 16 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797207