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

ik-73243963 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-73243963). In this landmark 137-page customs valuation judgment, importers of silk fabrics challenged CESTAT orders that had upheld the rejection of their declared transaction values by customs authorities based on external data (NIDB/contemporaneous import data). The court held that declared transaction value enjoys pre-eminence under the Customs Valuation Rules and that customs authorities cannot reject it based solely on external data without corroborative evidence or clear justification compliant wi The bench comprised Justices Ravinder Dudeja and Yashwant Varma. The judgment was delivered by Justice Yashwant Varma.

Summary

In this landmark 137-page customs valuation judgment, importers of silk fabrics challenged CESTAT orders that had upheld the rejection of their declared transaction values by customs authorities based on external data (NIDB/contemporaneous import data). The court held that declared transaction value enjoys pre-eminence under the Customs Valuation Rules and that customs authorities cannot reject it based solely on external data without corroborative evidence or clear justification compliant with the rules' sequential methodology. 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) ...?

In this landmark 137-page customs valuation judgment, importers of silk fabrics challenged CESTAT orders that had upheld the rejection of their declared transaction values by customs authorities based...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-73243963)