Delhi High Court: Consent Under Section 17(5) of Customs Act Binds Importers to Enhanced Valuation—"When Importers Voluntarily Consent, Customs Authorities Are Not Required to Conduct Further Investigations or Issue Speaking Orders"

Delhi High Court: Consent Under Section 17(5) of Customs Act Binds Importers to Enhanced Valuation—”When Importers Voluntarily Consent, Customs Authorities Are Not Required to Conduct Further Investigations or Issue Speaking Orders”

Court’s Decision: The Delhi High Court upheld the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) decision, holding that when an importer provides written consent to a reassessment under Section…