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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Supreme Court Rules Manufacturers and Brand Owners Not 'Related Persons' Without Evidence of Mutual Interest u/s 4.</h1> The circular addresses the valuation of goods under Central Excise law concerning the relationship between manufacturers and brand name owners. The Supreme Court examined whether a manufacturer and brand name owner are 'related persons' for determining assessable value under Section 4. In the case involving Playworld Electronics and Bush India Limited, the Court dismissed the Department's appeal due to insufficient evidence proving mutual interest. The circular advises field formations to conduct thorough investigations to establish mutual interest between manufacturers and brand owners to classify them as related persons under Section 4 for duty assessment.
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