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2016 (10) TMI 1191 - AT - Central ExciseValuation - related party transaction - Rule 8 of Central Excise Valuation Rules, 2000 - Held that: - the impugned order held that based on the factual position and applying the provisions of Valuation Rules the transaction value adopted by the respondent cannot be rejected. It was recorded that no extra commercial consideration has been demonstrated. Reliance placed on the decision of Hon'ble Supreme Court in Xerographic Ltd. [2006 (3) TMI 308 - SUPREME COURT] cannot be faulted only on the ground the concept of related person discussed therein was with reference to earlier Valuation Rules. There is no material difference in the basic principle with reference to valuation of goods when the transaction is between related person. Mutuality of interest and lower price due to extra commercial consideration are relevant factor for consideration. Appeal dismissed - decided against Revenue.
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