2010 (9) TMI 1006

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...., for the Appellant. Shri S. Krishnanandh, Consultant, for the Respondent. ORDER [Order per : Jyoti Balasundaram, Vice-President]. - Value declared for Thermal Transfer Ribbon and Toner was compared with NIDB data and found to be on the lower side and hence the value thereof was enhanced to Rs. 2,87,731.20, rendering the goods liable for confiscation with an option of redemption on paymen....

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....rands are not comparable. As far as Thermal Transfer Ribbon, NIDB data shows that these goods were imported by others at and around same time as the import in question at a higher price. Further, the assessees have accepted the enhancement of the value of the goods. Therefore, the contention that Rule 8 could not have been straightaway resorted to without following the Valuation Rules sequentially....