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

ik-99536189 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-99536189). This is the same 137-page landmark customs valuation judgment as ik-98207291, involving appeals by Niraj Silk Mills and Hanuman Prasad and Sons against CESTAT orders upholding reassessment of declared import values. The court allowed the appeals, holding that declared transaction value enjoys pre-eminence and its rejection must be based on tangible material rather than mere external data, setting aside the CESTAT orders and restoring the Commissioner (Appeals) decisions. The bench comprised Justices Ravinder Dudeja and Yashwant Varma. The judgment was delivered by Justice Yashwant Varma.

Summary

This is the same 137-page landmark customs valuation judgment as ik-98207291, involving appeals by Niraj Silk Mills and Hanuman Prasad and Sons against CESTAT orders upholding reassessment of declared import values. The court allowed the appeals, holding that declared transaction value enjoys pre-eminence and its rejection must be based on tangible material rather than mere external data, setting aside the CESTAT orders and restoring the Commissioner (Appeals) decisions.

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

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-99536189)