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2007 (12) TMI 104 - AT - Central ExciseDemand raised on ground that ECCC(assessee) & BIL are related persons, so sale price of BIL was taken as base to assess assessee’s( ECCC’s) products – both are limited companies - no finding of flowback of funds from one unit to other - no finding of mutuality of interest between them - BIL’s employee being a Director of ECCC, BIL advancing funds to its supplier, & ECCC selling its entire production to BIL are not adequate ground to hold that both are related persons – impugned order set aside
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