https://www.taxtmi.com/caselaws?id=108100 Declared import value of blank traveller cheque forms was rejected because the importer and supplier were in the same group, the goods were supplied free of cost, and the invoice showed only cost of production, making the declared figure non-representative of ordinary sale value at importation. Valuation by reference to comparable imports was accepted under Rule 8 of the Customs Valuation Rules, 1988, and the enhanced assessable value and duty demand were upheld. Penalty was, however, set aside because the record did not disclose independent justification for penal action. en-us Wed, 22 May 1996 00:00:00 +0530 Wed, 28 Mar 2012 17:21:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108100 Declared import value of blank traveller cheque forms was rejected because the importer and supplier were in the same group, the goods were supplied free of cost, and the invoice showed only cost of production, making the declared figure non-representative of ordinary sale value at importation. Valuation by reference to comparable imports was accepted under Rule 8 of the Customs Valuation Rules, 1988, and the enhanced assessable value and duty demand were upheld. Penalty was, however, set aside because the record did not disclose independent justification for penal action. Case-Laws Customs Wed, 22 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108100