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2016 (9) TMI 1268 - AT - Central ExciseValuation - rejection of transaction value - related party transaction - Held that: - the respondent and M/s. Tehri Steel Ltd., are not interconnected. M/s. Tehri Steel Ltd., was neither related to the respondent nor a distributor or sub-distributor of the respondent and do not have interest direct or indirect in the business of each other and there is no financial flow back of one company to other, which is a mandatory requirement to establish the mutuality of interest in each others business - transaction value to be adopted as assessable value - appeal dismissed - decided against Revenue.
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