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

ik-98207291 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-98207291). In this 137-page landmark judgment on customs valuation, the court considered appeals by Niraj Silk Mills and Hanuman Prasad and Sons challenging CESTAT orders that upheld reassessment of declared import values of textile goods based on NIDB/external data. The court answered the framed question in favour of the importers, holding that declared transaction value enjoys pre-eminence under the Customs Valuation Rules, and its rejection must be founded on tangible and justiciable material rather The bench comprised Justices Ravinder Dudeja and Yashwant Varma. The judgment was delivered by Justice Yashwant Varma.

Summary

In this 137-page landmark judgment on customs valuation, the court considered appeals by Niraj Silk Mills and Hanuman Prasad and Sons challenging CESTAT orders that upheld reassessment of declared import values of textile goods based on NIDB/external data. The court answered the framed question in favour of the importers, holding that declared transaction value enjoys pre-eminence under the Customs Valuation Rules, and its rejection must be founded on tangible and justiciable material rather than mere reliance on external data without corroborative evidence.

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

In this 137-page landmark judgment on customs valuation, the court considered appeals by Niraj Silk Mills and Hanuman Prasad and Sons challenging CESTAT orders that upheld reassessment of declared imp...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-98207291)