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2017 (3) TMI 124 - AT - Central ExciseValuation - Iron Castings - related party transaction - appellant sold 80% to 90% of their entire production of Iron Castings to their related manufacturing unit - whether in the facts and circumstances of the case the provisions of Rule 9 read with Rule 8 of Central Excise Valuation Rules, 2000, are applicable to the facts of this case or not? - Held that: - Provisions of Rule 10, Rule 9 and Rule 8 are applicable only in a situation where the appellant is clearing 100% of this production through the person who is related. Admittedly, the appellant is not clearing 100% of production through related person - the provisions of Rule 9 read with Rule 8 of Valuation Rules, 2000, are not applicable to the facts of this case - charge of under valuation is not sustainable against the appellant - appeal allowed - decided in favor of appellant.
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