Speaking orders for customs reassessment are mandatory; value enhancement without one cannot displace the declared import value.

Speaking orders for customs reassessment are mandatory; value enhancement without one cannot displace the declared import value. https://www.taxtmi.com/highlights?id=104605 Enhancement of declared customs value during reassessment under section 17(4) requires a speaking order under section 17(5) of the Customs Act, 1962. Failure to issue that order violates the statutory requirement and makes the reassessment unsustainable. The declared value must be accepted, with the assessments and appellate order set aside and consequential relief granted. en-us Wed, 07 Oct 2026 08:26:38 +0530 Wed, 07 Oct 2026 08:26:40 +0530 TaxTMI RSS Generator Speaking orders for customs reassessment are mandatory; value enhancement without one cannot displace the declared import value. https://www.taxtmi.com/highlights?id=104605 Enhancement of declared customs value during reassessment under section 17(4) requires a speaking order under section 17(5) of the Customs Act, 1962. Failure to issue that order violates the statutory requirement and makes the reassessment unsustainable. The declared value must be accepted, with the assessments and appellate order set aside and consequential relief granted. Highlights Customs Wed, 07 Oct 2026 08:26:38 +0530 https://www.taxtmi.com/highlights?id=104605