https://www.taxtmi.com/caselaws?id=73490 Related-person valuation under central excise turns on whether the manufacturer and distributor have mutual commercial and financial interest, including cross-holdings, shared facilities, common staff and pricing influence; where that relationship exists, exemption based on invoice price is unavailable and the assessable value must be recomputed on the distributor's sale price with only legally permissible deductions. The note also states that testing charges and warranty charges are not deductible as part of the manufacturer's obligations, while secondary packing, post-removal expenses, interest on delayed payment where contractually due, excise duty and sales tax deductions, and separate treatment of industrial-consumer sales are relevant to valuation. Suppression of material facts about the arrangement can justify the extended limitation period and penalties, though penalties may be moderated. en-us Wed, 30 Dec 1987 00:00:00 +0530 Wed, 01 Jun 2011 13:16:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73490 Related-person valuation under central excise turns on whether the manufacturer and distributor have mutual commercial and financial interest, including cross-holdings, shared facilities, common staff and pricing influence; where that relationship exists, exemption based on invoice price is unavailable and the assessable value must be recomputed on the distributor's sale price with only legally permissible deductions. The note also states that testing charges and warranty charges are not deductible as part of the manufacturer's obligations, while secondary packing, post-removal expenses, interest on delayed payment where contractually due, excise duty and sales tax deductions, and separate treatment of industrial-consumer sales are relevant to valuation. Suppression of material facts about the arrangement can justify the extended limitation period and penalties, though penalties may be moderated. Case-Laws Central Excise Wed, 30 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73490