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2019 (1) TMI 834 - AT - CustomsValuation of imported goods - Cold Rolled Grain Oriented Electrical Steel Sheet, Grade M-4 and Grade M-5 - rejection of declared value - enhancement of value based on the contemporaneous imports - Held that:- It is evident from the available records that no consent letter was given by the respondent for assessment of the subject Bills of Entry at enhanced value. Thus, under such circumstances, the proper assessing officer was under statutory obligation to pass of speaking order on the reassessment done, which is contrary to the self assessment done by the importer - Admittedly, in this case, the provisions of Section 17(5) have not been complied with by the department and thus, the declared value cannot be enhanced arbitrarily - appeal dismissed - decided against Revenue.
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