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

ik-147644754 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 Respondent Parul Sachdeva Counsel Respondent 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-147644754). Textile importers appealed against CESTAT orders upholding customs duty reassessments that rejected their declared transaction values for silk and textile imports in favour of higher values based on external data. In a landmark 137-page judgment, the Division Bench held that customs authorities cannot reject declared values without corroborative evidence or clear justification under the Customs Valuation Rules 1988 and 2007, emphasizing the pre-eminence of transaction value. The appeals were The bench comprised Justices Ravinder Dudeja and Yashwant Varma. The judgment was delivered by Justice Yashwant Varma.

Summary

Textile importers appealed against CESTAT orders upholding customs duty reassessments that rejected their declared transaction values for silk and textile imports in favour of higher values based on external data. In a landmark 137-page judgment, the Division Bench held that customs authorities cannot reject declared values without corroborative evidence or clear justification under the Customs Valuation Rules 1988 and 2007, emphasizing the pre-eminence of transaction value. The appeals were allowed, CESTAT orders set aside, and the Commissioner (Appeals) orders restoring declared values were reinstated.

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

Textile importers appealed against CESTAT orders upholding customs duty reassessments that rejected their declared transaction values for silk and textile imports in favour of higher values based on e...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-147644754)