Appellant agrees to reassessment of duty on misdeclared imports, waives show cause notice and hearing rights. No speaking order needed.

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....Valuation of imported goods - The appellant had indeed declared the value of the goods incorrectly and on being pointed out agreed to reassessment of duty and waived his right to show cause notice and personal hearing. The appellant also undertook to pay the fine and penalty. Therefore, the Assessing Officer is not required to issue a speaking order. - AT....