https://www.taxtmi.com/caselaws?id=81422 Common directors or family connections, by themselves, are insufficient to establish related-person status under central excise valuation; the decisive test is mutuality of interest, and a one-way commercial relationship does not satisfy it. Where the assessee disclosed the arrangement and price declarations, and the department was aware of the exemption and pricing basis, suppression of facts is not made out and the extended limitation period cannot be invoked. The question whether the exemption benefit had to be passed on to customers was treated as academic and did not affect the result. en-us Thu, 25 Jul 1991 00:00:00 +0530 Fri, 24 Jun 2011 15:31:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81422 Common directors or family connections, by themselves, are insufficient to establish related-person status under central excise valuation; the decisive test is mutuality of interest, and a one-way commercial relationship does not satisfy it. Where the assessee disclosed the arrangement and price declarations, and the department was aware of the exemption and pricing basis, suppression of facts is not made out and the extended limitation period cannot be invoked. The question whether the exemption benefit had to be passed on to customers was treated as academic and did not affect the result. Case-Laws Central Excise Thu, 25 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81422