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2016 (9) TMI 731 - AT - Central ExciseValuation - interconnected / related parties - allegation of evasion of duty of excise by undervaluation where goods are sold through related persons - Held that:- there is nothing on record to show that PSML had interest in the business of KBX. PSML had no interest in the business of KBX but for selling of the products to them. The loans advanced by KBX to PSML were also on an interest which was higher than the bank rate, the fact undisputed in the proceedings before the lower authorities; moulds which have been given by KBX to PSML cannot be a reason to state that they had interest in the business of each other. - Demand set aside - Decided against the revenue.
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