Assessment of escaped tax

Assessment of escaped tax.

1. (1) If the assessing authority has reason to believe that the whole or any part of the tax in respect of any specified goods has escaped assessment or has been under-assessed, or has been assessed at a rate lower than the rate at which it is assessable, or any deduction has been wrongly made therefrom, then the assessing authority may, at any time within five years from the end of the year in which the tax due was to be paid, serve on the importer a notice containing all or any of the requirements which may be included in a notice under section 9 and may proceed to assess or re-assess the amount of tax, and the provisions of this Act shall, so far as may be, apply to such assessment or re-assessment as if it were an assessment made under section 9.
2. (2) The tax shall be assessed or re-assessed after giving the importer a reasonable opportunity of being heard.