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

ik-80901247 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-80901247). This 137-page landmark judgment addressed customs valuation appeals by multiple textile importers whose declared transaction values were rejected by customs authorities in favour of higher assessments based on external data from the Directorate of Valuation. The Division Bench held that the pre-eminence of declared transaction value under the 1988 and 2007 Customs Valuation Rules must be respected, and reassessment requires tangible and justiciable material rather than mere reliance on extern The bench comprised Justices Ravinder Dudeja and Yashwant Varma. The judgment was delivered by Justice Yashwant Varma.

Summary

This 137-page landmark judgment addressed customs valuation appeals by multiple textile importers whose declared transaction values were rejected by customs authorities in favour of higher assessments based on external data from the Directorate of Valuation. The Division Bench held that the pre-eminence of declared transaction value under the 1988 and 2007 Customs Valuation Rules must be respected, and reassessment requires tangible and justiciable material rather than mere reliance on external databases. The appeals were allowed and CESTAT orders set aside.

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

This 137-page landmark judgment addressed customs valuation appeals by multiple textile importers whose declared transaction values were rejected by customs authorities in favour of higher assessments...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-80901247)