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2016 (10) TMI 271 - AT - Central ExciseValuation - Clearance to inter-connected undertakings - CTD bars - TMT bars - wire rod - demand of differential duty - rejection of transaction value for excise purposes - Held that: - merely because the units are interconnected undertakings the same would not be a ground to reject the transaction value unless the units are related persons. The goods cleared by the appellants to the interconnected undertakings are to be assessed on transaction value under Section 4(1)(a) of the Act treating them as if they are not related person. Also held that if the goods were partly sold to related person and partly to independent buyers transaction value under Section 4(1)(a) are to be applied without application of valuation Rules. The department’s attempt for changing the assessment practice to change to costing method to arrive at a value is without any basis - appeal allowed - decided in favor of appellant.
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