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2009 (12) TMI 749 - AT - Central ExciseValuation - HDPE resin - related party transaction - Held that: - while valuation done of sale price of RIL to RCIL of resin cannot be the starting point since RIL and RCIL are related persons - the valuation is to be done as per Rule 8 (i.e. 115% of cost of resin + manufacture of duct). Accordingly, the value arrived is much lower than the assessable value on which the duty has already been paid by RIL on duct. - appeal allowed.
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