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2017 (3) TMI 455 - AT - Central ExciseValuation - related party transaction - Revenue claims that the assessee and M/s.Ballarpur Industries Ltd. are under the same management, therefore, Rule 8 shall be made applicable on assessee - Held that: - even though the appellant is an interconnected undertaking but for the purpose of Central Excise Valuation Rules, 2000. The sale to or through an interconnected undertaking cannot be treated as sales made through related persons. Therefore, the entire foundation of allegation stands demolished - the fact being a common Director do not establish the mutuality of interest - appeal dismissed - decided against Revenue.
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