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

ik-151194033 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-151194033). Multiple silk and textile importers appealed CESTAT orders that had upheld customs reassessment of their declared import values based on external NIDB data without corroborative evidence. In this landmark 137-page judgment, the Division Bench held that customs authorities cannot reject declared transaction values and reassess duties merely by relying on NIDB data or contemporaneous import prices without tangible justification, affirming the pre-eminence of declared values under the 1988 and 2 The bench comprised Justices Ravinder Dudeja and Yashwant Varma. The judgment was delivered by Justice Yashwant Varma.

Summary

Multiple silk and textile importers appealed CESTAT orders that had upheld customs reassessment of their declared import values based on external NIDB data without corroborative evidence. In this landmark 137-page judgment, the Division Bench held that customs authorities cannot reject declared transaction values and reassess duties merely by relying on NIDB data or contemporaneous import prices without tangible justification, affirming the pre-eminence of declared values under the 1988 and 2007 Customs Valuation Rules. The appeals were allowed, CESTAT orders set aside, and Commissioner (Appeals) orders restored.

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

Multiple silk and textile importers appealed CESTAT orders that had upheld customs reassessment of their declared import values based on external NIDB data without corroborative evidence. In this land...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-151194033)