Appeal dismissed; parties held related under Section 4(3)(b); valuation to follow Rule 9 read with Rule 8

The SC dismissed the appeal, upholding the Tribunal's finding that the appellant and the purchaser are inter-connected undertakings with mutual business interests and therefore qualify as related persons under Section 4(3)(b) of the Central Excise Act. The Court affirmed that valuation must follow Rule 9 read with Rule 8 of the Central Excise Valuation Rules, 2000, and found no reason to interfere with the Tribunal's order dated 05-08-2024. Appeal dismissed.

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The Supreme Court, with Hon'ble Justices J. B. Pardiwala and R. Mahadevan presiding, has dismissed the Civil Appeal, finding no grounds to overturn the Customs, Excise, and Service Tax Appellate Tribunal's order dated 05-08-2024. The delay has been condoned, and any pending applications have been disposed of.

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