Hanuman Prasad And Sons vs Commissioner Of Customs (Icd) … on 27 November, 2024

Table of Contents

I. Background ……………………………………………………………………….. 13

II. The power of reassessment: a brief overview ………………………. 33

III. The submissions addressed ……………………………………………… 46

IV. Evaluation of the Court …………………………………………………… 82

A. Declared values and the power of reappraisal ………………….. 82

B. Exploring the concepts of abandonment and waiver ………. 104

C. Rejection of declared values: Assessing its validity …………. 119

D. Value enhancement on the basis of NIDB data ……………….. 122

V. Disposition ……………………………………………………………………….. 137

YASHWANT VARMA, J.