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2017 (11) TMI 1246 - AT - Central ExciseValuation - related party transaction - case of the Revenue is that the value shown in the document of clearance by appellants to M/s.IOCL should be considered as transaction value for Central Excise duty - The appellant's claim is that since their clearance is exclusively to a holding company and the transaction is between related party, the value cannot be determined in terms of main section 4(1)(a) - Held that: - when the excisable goods are not sold except through an inter-connected undertaking, the value should be determined as per Rule 10(a) read with Rule 9 of Valuation Rules - there is no legal sanction to demand duty from the appellants in case the price charged by them from M/s. IOCL is higher than the price of M/s. IOCL. - appeal allowed - decided in favor of appellant.
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