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2017 (10) TMI 8 - CESTAT NEW DELHIValuation - related party transaction - Rule 8 of the Valuation Rules - Held that: - It is not disputed that M/s. Kunal Loha Chem and M/s. Sona Wires are interconnected undertakings - Even though the two buyers are interconnected undertakings as per section 4(3)(b)(i) of Central Excise Act, merely because they are interconnected undertakings, the transaction value cannot be rejected - There is no justification for rejecting the lower transaction values to related buyers and re-determination of value by costing method - appeal allowed - decided in favor of appellant.
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