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2015 (3) TMI 117 - AT - CustomsValuation - Modification and audit by proper officer under Section 17(6) - goods have been assessed by the assessing officer though without passing a speaking order - Held that:- Respondent M/s I-Tech Corporation imported HSS Drills 6840 Kgs, Taps 3000 Kgs, Rounds 1850 Kgs, Broaches 540 Kgs, Cutters HSS 300 kgs, Blades 70 kgs, and Tool Tips 1950 kgs and declared the transaction value as per the invoice. However, the assessing officer enhanced the transaction value by re-determining the same and duty was paid on the enhanced value. Aggrieved by the assessment order, the appellant filed an appeal before the lower appellant authority on the ground that the value was enhanced without giving any speaking order and principles of natural justice have been violated and there is no basis whatsoever to dispute the value declared. Therefore lower appellate authority after considering provisions of Section 17(6) of the Customs Act ordered for auditing of the records of the importer as per the procedure prescribed. - fact on record is that no speaking order has been passed when the value was enhanced and assessment was finalized and therefore, provisions of Section 17(6) are clearly attracted. Therefore, we do not find any infirmity in the order passed by lower appellate authority. Consequently, the same does not call for an interference. - Decided against Revenue.
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