Valuation of imported goods - rejection of declared value - ...

Customs Tribunal: No Obligation for Sequential Valuation When Importers Waive Rights and Accept Enhanced Values.

March 13, 2024

Case Laws     Customs     AT

Valuation of imported goods - rejection of declared value - enhancement of value - The CESTAT held that since the appellant had voluntarily waived the right to a show cause notice and a personal hearing, and had accepted the enhanced value, the customs authorities were not required to follow the sequential procedure for valuation under the 2007 Valuation Rules. - The Tribunal did not accept the argument that the duty on the enhanced value was paid under duress, noting that the appellant had voluntarily accepted the enhanced value.

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