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2018 (7) TMI 1520 - AT - Central ExciseValuation - Interpretation of Statute - definition of related person under section 4 of Central Excise Act, 1944, read with definition of "interconnected undertakings" in Section 2(g) of MRTP Act, 1969 - Held that:- The same issue has been decided by this Bench in the case of BLACK GOLD PROFILES PVT LTD. VERSUS CCE, C&ST, VISAKHAPATNAM [2018 (2) TMI 1231 - CESTAT HYDERABAD], where it was held that The combined shareholding of the partners in each firm, who are also shareholders in the body corporate can alone be added up for the purpose of determining whether they cross the 50% shareholding bench mark. M/s Black Gold and the two firms cannot be considered as related persons for the purpose of section 4(3)(b)(i) of Central Excise Act, 1944 - appeal allowed - decided in favor of appellant.
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