https://www.taxtmi.com/caselaws?id=73490 Central excise valuation relief based on invoice price is unavailable where a manufacturer and distributor have mutual commercial and financial interests that influence pricing. Cross-shareholding, common facilities and staff, predominant purchasing, and preferential pricing indicate that the parties are related persons. Assessable value must then be derived from the distributor's sale price after only legally permissible deductions: specified post-removal expenses, excise duty and sales tax may be deductible, while testing and warranty costs remain includible as normal manufacturer obligations. Suppression of material relationship and exemption-related facts can support extended limitation; penalties may nevertheless be reduced where demands overlap or valuation deductions require recomputation. 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 Central excise valuation relief based on invoice price is unavailable where a manufacturer and distributor have mutual commercial and financial interests that influence pricing. Cross-shareholding, common facilities and staff, predominant purchasing, and preferential pricing indicate that the parties are related persons. Assessable value must then be derived from the distributor's sale price after only legally permissible deductions: specified post-removal expenses, excise duty and sales tax may be deductible, while testing and warranty costs remain includible as normal manufacturer obligations. Suppression of material relationship and exemption-related facts can support extended limitation; penalties may nevertheless be reduced where demands overlap or valuation deductions require recomputation. Case-Laws Central Excise Wed, 30 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73490