Related-party sale valuation sets value as the normal transaction value based on related person's sale to unrelated retail buyers. Where an assessee sells whole or part of excisable goods to or through a person related as specified, the value shall be the normal transaction value at which that related person sells the goods to buyers who are not related, or if such sales do not occur, to buyers (being related) who sell in retail; if the related person uses or consumes the goods in production, valuation is to be determined under Rule 8.
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Provisions expressly mentioned in the judgment/order text.
Related-party sale valuation sets value as the normal transaction value based on related person's sale to unrelated retail buyers.
Where an assessee sells whole or part of excisable goods to or through a person related as specified, the value shall be the normal transaction value at which that related person sells the goods to buyers who are not related, or if such sales do not occur, to buyers (being related) who sell in retail; if the related person uses or consumes the goods in production, valuation is to be determined under Rule 8.
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