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

ik-36888166 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-36888166). Landmark 137-page customs valuation judgment involving appeals by importers against CESTAT orders upholding re-assessment of declared transaction values for imported textiles based on NIDB data. The court held that declared transaction value enjoys pre-eminence under the Customs Valuation Rules and that mere reliance on external data (NIDB prices) without corroborative evidence or clear justification fails to meet the requirements for rejecting declared values. The appeals were allowed, CESTA The bench comprised Justices Ravinder Dudeja and Yashwant Varma. The judgment was delivered by Justice Yashwant Varma.

Summary

Landmark 137-page customs valuation judgment involving appeals by importers against CESTAT orders upholding re-assessment of declared transaction values for imported textiles based on NIDB data. The court held that declared transaction value enjoys pre-eminence under the Customs Valuation Rules and that mere reliance on external data (NIDB prices) without corroborative evidence or clear justification fails to meet the requirements for rejecting declared values. 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) ...?

Landmark 137-page customs valuation judgment involving appeals by importers against CESTAT orders upholding re-assessment of declared transaction values for imported textiles based on NIDB data. The c...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-36888166)