Cap. 364 ст. 10Commissioner to determine and assess the duty chargeable.

(1) Saving the provisions of article 52, where in the opinion of the Commissioner the value expressed or declared in a document is lower than the real value according to the other provisions of this Act and the rules prescribed under this Act, he shall proceed to determine by order in writing the amount of the duty chargeable and shall raise an assessment accordingly.

(2) Where the value assessed by the Commissioner as aforesaid exceeds the value expressed or declared in the document by more than fifteen of the value assessed by the Commissioner, per centum the person liable to pay duty shall, in addition to the duty chargeable in accordance with sub-article (1), pay an additional duty equivalent to twenty (20%) of the amount of duty assessed per centum by the Commissioner as aforesaid, and interest at a rate as prescribed by the Minister on any duty assessed by the Commissioner.