https://www.taxtmi.com/caselaws?id=802152 Written acceptance of customs reassessment under Section 17(5) of the Customs Act, 1962 dispenses only with the requirement of a speaking order; it does not bar a statutory challenge to the formation of opinion or the merits of reassessment. Under Section 14 of the Act and Rule 12(2) of the customs valuation rules, the officer must communicate grounds establishing reasonable doubt about the truth or accuracy of a declared transaction value before rejecting it. Subsequent valuation must follow the prescribed sequential methods. NIDB or contemporaneous-import data alone cannot justify enhancement without independent cogent material demonstrating comparability. en-us Wed, 28 Oct 2026 00:00:00 +0530 Mon, 02 Nov 2026 08:31:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802152 Written acceptance of customs reassessment under Section 17(5) of the Customs Act, 1962 dispenses only with the requirement of a speaking order; it does not bar a statutory challenge to the formation of opinion or the merits of reassessment. Under Section 14 of the Act and Rule 12(2) of the customs valuation rules, the officer must communicate grounds establishing reasonable doubt about the truth or accuracy of a declared transaction value before rejecting it. Subsequent valuation must follow the prescribed sequential methods. NIDB or contemporaneous-import data alone cannot justify enhancement without independent cogent material demonstrating comparability. Case-Laws Customs Wed, 28 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802152