1996 (5) TMI 382

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..... at, 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 22.78 per 1000 pcs. The Asst. Collector enhanced the value to 31.55 per 1000 pcs. FOB based on import of similar goods by M.S. American Express Co. (India) Ltd., Bombay. The appeal filed bef .....

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..... /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 large sales volume at over 150,000 establishments i .....

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..... td. imported similar goods at 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 circumstances, we find no ground to interfere with the assessment of .....

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