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2020 (6) TMI 347 - AT - Central ExciseValuation - goods transferred to sister concerns when there is also sale price of the same goods to independent consumers through service branches by the respondent herein - allegation that since there is a sale to independent buyers, the same value must also be adopted to the goods transferred by them to their sister concerns - HELD THAT:- When there was a concept of normal price (prior to 2000), a price list would be filed by the assessee and approved by the officers which would show the normal price after appropriate calculations including deductions on account of trade discount, transportation etc. After 2000, the concept which has been introduced was that of transaction value. Therefore, if the same goods are sold by the same assessee at different prices on different dates or to different customers, each such price would be the transaction value for the purpose of determining the Central Excise duty. In this changed law, a doubt had arisen in the minds of the officers as to how deal with the cases where there is sale to independent buyers as well as sale of the same product to sister concerns by the assessee. This has been clarified by the CBEC in the aforesaid Circular categorically holding that the price at which goods are sold to independent buyers cannot be applied to determine the value for sale to related persons. The impugned order is correct and causes for no interference - Appeal dismissed - decided against Revenue.
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