https://www.taxtmi.com/caselaws?id=72943 The Tribunal modified the valuation method to base the assessment of Central Excise duty on the purchase price by Asiatic Oxygen, rejecting the 70 paise price to Rishi Gases. It emphasized considering all relevant factors, excluding certain costs, and ensuring commercial reasonableness in pricing. The Tribunal found the transaction with Rishi Gases to be artificial, lifting the corporate veil due to exclusive dealings and shared premises with Asiatic Oxygen. The pricing based on transactions with Asiatic Oxygen at Rs. 3.25 per m3 was deemed reasonable, considering various factors such as cylinder costs and transport expenses. en-us Wed, 04 Feb 1987 00:00:00 +0530 Thu, 26 May 2011 10:52:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72943 The Tribunal modified the valuation method to base the assessment of Central Excise duty on the purchase price by Asiatic Oxygen, rejecting the 70 paise price to Rishi Gases. It emphasized considering all relevant factors, excluding certain costs, and ensuring commercial reasonableness in pricing. The Tribunal found the transaction with Rishi Gases to be artificial, lifting the corporate veil due to exclusive dealings and shared premises with Asiatic Oxygen. The pricing based on transactions with Asiatic Oxygen at Rs. 3.25 per m3 was deemed reasonable, considering various factors such as cylinder costs and transport expenses. Case-Laws Central Excise Wed, 04 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72943