2015 (3) TMI 384

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..... The appellants are engaged in the manufacture of TMT rods. They are selling the goods to their related person namely two dealers, M/s. Kannappan & Co. and M/s. Kannappan Iron Traders and also unrelated buyers. A show-cause notice dated 31.10.2012 was issued on the ground that the goods supplied to the said two dealers and the transaction made to other unrelated buyers on the same date have wide di .....

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..... invoices of the transaction with the above two dealers and the sale invoice for the transaction made on the same days to the other buyers. It has been observed that the applicant has not placed evidence that they have sold the excisable good to unrelated buyers at lower value at which they sold the goods to the two dealers. At the time of hearing before this Tribunal, the learned consultant submi .....

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..... essee and the other two units. It is observed that there is no material available that there is mutuality of interest between the two parties. In the present case, we find that there is evidence placed by the Revenue that the transaction price between the assessee and the two dealers are much lower than the transaction value of other buyers. So, the case law relied upon by the applicant would not .....

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