1996 (5) TMI 382

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.... [Order per : Justice U.L. Bhat, President]. -  Appellant, M/s. Thomas Cook (India) Ltd. submitted import documents for clearance of a consignment of Blank Travellers Cheque Forms imported from United Kingdom declaring the price as GBP 22.78 per 1000 pcs. The Asst. Collector enhanced the value to GBP 31.55 per 1000 pcs. FOB based on import of similar goods by M.S. American Express Co. (In....

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....tting the forms printed and supplying the same to M/s. Thomas Cook (India) Ltd. and other companies of the group in various countries free of cost. The Assistant Collector questioned the appellant regarding cost of production of these forms. In reply dated 29-11-88, the appellant informed him that M/s. Thomas Cook, U.K. have been able to negotiate a favourable price with the printers as they have ....

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....nt Collector shows that M/s. American Express Co. (India) Ltd. imported similar goods at GBP 31.15 per 1000 pcs. FOB at about at the same time. Appellate authority invoked Rule 8 of the Valuation Rules, which appears to us to be justified. Nothing is indicated in the appeal memorandum about the inapplicability of the value determined of the goods imported by the other company. 5. In the ci....