https://www.taxtmi.com/article/detailed?id=17219 Customs audit is a post-clearance process for verifying declarations, records, compliance and correct duty assessment, while investigation addresses suspected fraud, misdeclaration, undervaluation, smuggling, exemption misuse or duty evasion. Risk-based scrutiny may cover classification, valuation, origin, exemptions, end-use, export obligations, refunds, drawback, licences, bonds and records. Proposed duty recovery or penalties ordinarily require a show cause notice and opportunity to respond and be heard. Businesses should maintain accurate records, support exemption and preferential-origin claims, preserve evidence, cooperate with lawful requests, and periodically review customs controls. en-us Wed, 19 Aug 2026 08:53:44 +0530 Wed, 19 Aug 2026 08:53:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17219 Customs audit is a post-clearance process for verifying declarations, records, compliance and correct duty assessment, while investigation addresses suspected fraud, misdeclaration, undervaluation, smuggling, exemption misuse or duty evasion. Risk-based scrutiny may cover classification, valuation, origin, exemptions, end-use, export obligations, refunds, drawback, licences, bonds and records. Proposed duty recovery or penalties ordinarily require a show cause notice and opportunity to respond and be heard. Businesses should maintain accurate records, support exemption and preferential-origin claims, preserve evidence, cooperate with lawful requests, and periodically review customs controls. Articles Customs - Import - Export - SEZ Wed, 19 Aug 2026 08:53:44 +0530 https://www.taxtmi.com/article/detailed?id=17219