Hanuman Prasad And Sons vs Commissioner Of Customs (Icd) ...

ik-130612894 Delhi High Court 27 November 2024 • 207 min read

Judges (2)

Ravinder Dudeja Coram Yashwant Varma Delivered

Counsel (8)

Aditya Singla Counsel Respondent Agrim Arora Counsel Appellant Krishnamohan Menon Counsel Intervener Parul Sachdeva Counsel Intervener Purvi Sinha Counsel Appellant Ritwik Saha Counsel Respondent Sumit Khadaria Counsel Appellant Yogendra Aldak Counsel Appellant

Parties (3)

Commissioner of Customs (ICD) Patparganj Respondent Hanuman Prasad and Sons Appellant Niraj Silk Mills Appellant

Case Significance

Hanuman Prasad And Sons vs Commissioner Of Customs (Icd) ... is a Delhi High Court decision dated November 27, 2024 (citation: ik-130612894). In a landmark 137-page judgment on customs valuation, silk and textile importers challenged CESTAT orders that upheld reassessment of declared values based on external data without corroborative evidence. The Division Bench held that customs authorities cannot reject declared transaction values merely based on NIDB data or contemporary import prices without tangible and justiciable material compliant with the Customs Valuation Rules. The appeals were allowed, CESTAT orders set aside, and the The bench comprised Justices Ravinder Dudeja and Yashwant Varma. The judgment was delivered by Justice Yashwant Varma.

Summary

In a landmark 137-page judgment on customs valuation, silk and textile importers challenged CESTAT orders that upheld reassessment of declared values based on external data without corroborative evidence. The Division Bench held that customs authorities cannot reject declared transaction values merely based on NIDB data or contemporary import prices without tangible and justiciable material compliant with the Customs Valuation Rules. The appeals were allowed, CESTAT orders set aside, and the Commissioner (Appeals) order restoring declared values was upheld.

What was the outcome of Hanuman Prasad And Sons vs Commissioner Of Customs (Icd) ...?

In a landmark 137-page judgment on customs valuation, silk and textile importers challenged CESTAT orders that upheld reassessment of declared values based on external data without corroborative evide...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-130612894)