1. Since the issues involved in both the appeals are identical, the same are being taken up for disposal together and a consolidated order is being issued. The facts of the case briefly are that the appellants manufacture electronic goods of various types including colour television sets. The appellants imported 744 picture tubes of 20" size, Hitachi Brand from Hong Kong for the manufacture of colour television sets. On importation, the goods were put under three separate Into-Bond Bill of Entry bearing Nos. 899/134, 135 and 136. The appellants had declared the FOB price of these picture tubes at JY 16480 per piece. The Customs Authorities after making investigations took the view that the correct FOB price of the goods should be JY 23690 per piece. Accordingly, the appellants were served a show cause notice dated 9-8-1983 to explain the discrepancy in the declared value and also called upon as to why action should not be taken against them for infringement of the ITC Regulations. On receipt of the reply to the show cause notice and after granting a personal hearing to the appellants' representative, Shri Sunil Wadhwani, the case was adjudicated by the Additional Collector of