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

ik-54565776 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-54565776). A landmark 137-page customs valuation judgment involving connected appeals by Niraj Silk Mills and Hanuman Prasad and Sons against the Commissioner of Customs (ICD) Patparganj, challenging CESTAT orders that upheld reassessment of declared transaction values for imported silk and textile goods. The Division Bench held that the principle of pre-eminence of declared transaction value must be respected, and customs authorities cannot reject declared values merely based on external data without c The bench comprised Justices Ravinder Dudeja and Yashwant Varma. The judgment was delivered by Justice Yashwant Varma.

Summary

A landmark 137-page customs valuation judgment involving connected appeals by Niraj Silk Mills and Hanuman Prasad and Sons against the Commissioner of Customs (ICD) Patparganj, challenging CESTAT orders that upheld reassessment of declared transaction values for imported silk and textile goods. The Division Bench held that the principle of pre-eminence of declared transaction value must be respected, and customs authorities cannot reject declared values merely based on external data without corroborative evidence or clear justification under the Customs Valuation Rules 1988/2007. The appeals were allowed, CESTAT orders set aside, and the Commissioner (Appeals) orders restored.

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

A landmark 137-page customs valuation judgment involving connected appeals by Niraj Silk Mills and Hanuman Prasad and Sons against the Commissioner of Customs (ICD) Patparganj, challenging CESTAT orde...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-54565776)