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2018 (12) TMI 389 - AT - CustomsValuation of imported goods - enhancement of value on the basis of contemporary imports - assessment for bills of entry - Section 17(5) of the Customs Act, 1962 - Held that:- As per the provision of Section 17(5) of the Act, in the case of reassessment under Section 17(4) of the Act, where valuation of the goods has been enhanced, the adjudicating authority is required to pass a speaking order within 15 days of the assessment of the bills of entry. In Section 17(5) of the Act, there is no whisper about that the assessee is required to make a request or to seek the order under Section 17(5) of the Act - in the case the issue involved of classification, exemption, concession or valuation and the value has been enhanced or assessment done in terms of Section 17(4) of the Act, the adjudicating authority is required to pass a speaking order under Section 17(5) of the Act within 15 days of the assessment of the bills of entry. Admittedly, in this case, the same has not been done. Appeal dismissed - decided against Revenue.
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