Delhi HC Upholds Customs Valuation Ruling for Lack of Evidence Against Declared Transaction Values

Niraj Silk Mills Vs Commissioner of Customs (ICD) (Delhi High Court)

Niraj Silk Mills/Hanuman Prasad and Sons/Manavi Exim Pvt. Ltd. Vs. Commissioner of Customs – Delhi High Court – 27/11/2024 – Brief Analysis.

The recent legal proceedings addressed appeals from Niraj Silk Mills and Hanuman Prasad and Sons against the Commissioner of Customs (ICD), Patparganj, relating to customs valuation assessments. The appellants contested the Tribunal’s ruling, which held that by accepting the customs officer’s valuation, they effectively waived their right

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