Particulars of entry and valuation of goods

(1) In every entry there shall be stated the value of the goods mentioned therein, and if such goods are charged to pay duty according to the number, measure or weight thereof, such number, measure or weight shall also be stated in the entry. goods. (2) Every entry shall be signed by the importer or the person for the time being in charge of his business, and when the entry is delivered to the Comptroller or other proper officer the invoice of the goods mentioned in the entry shall also be produced to the Comptroller or other proper officer. (3) The Comptroller or other proper officer may require the importer to produce further proof as to the value of the goods, and if such proof is not produced or if it appears to the 24 Comptroller or other proper officer that such goods are valued below their value, he may cause the goods to be examined by two competent persons to be nominated and appointed by the Comptroller. (4) Such persons shall declare on oath, if required, before the Comptroller what is the value of such goods, and the value so declared shall be deemed to be the value upon which the duties due thereon shall be charged and paid. (5) Notwithstanding anything to the contrary contained in this Act or any other law if it appears to the Comptroller, upon the examination of any goods liable to customs duties, that such goods are not valued according to their true value and that they are properly chargeable with a higher amount of duty than that which has been entered or declared in respect of them, the Comptroller may assess the value of such goods at such amount or additional amount, as according to his best judgment ought to have been given as the true value of such goods, and thereafter determine the rate or amount of duty chargeable on such goods, which amount shall be the duty payable in respect of such goods. goods.