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Central Excise - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Valuation - Related person - mutuality of interest - merely ...

Central Excise

October 21, 2015

Valuation - Related person - mutuality of interest - merely having shareholding does not make them related persons. - loans has been repaid by M/s. SIPL in future. - If at all, we presume that there is a mutuality of interest in that case also when the goods are sold by M/s. SIPL to M/s. CF on the price at which the goods have been sold to independent buyers, in that case the sale price by M/s. CF cannot be held as assessable value for M/s. SIPL - AT

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