https://www.taxtmi.com/caselaws?id=88704 Motorcycles cleared to employees were not treated as sales to related persons because there was no mutuality of interest in each other's business. For excise valuation, however, the declared price of Rs. 3,510 per unit was not accepted as the normal price, since the sales were made during an experimental stage, buyers had to report on performance, and no relevant cost data was furnished. The later approved price list showing Rs. 4,820 per unit was therefore used to determine the assessable value for the earlier clearances, and the valuation adopted on that basis was upheld. en-us Wed, 12 Feb 1997 00:00:00 +0530 Tue, 20 Sep 2011 16:42:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88704 Motorcycles cleared to employees were not treated as sales to related persons because there was no mutuality of interest in each other's business. For excise valuation, however, the declared price of Rs. 3,510 per unit was not accepted as the normal price, since the sales were made during an experimental stage, buyers had to report on performance, and no relevant cost data was furnished. The later approved price list showing Rs. 4,820 per unit was therefore used to determine the assessable value for the earlier clearances, and the valuation adopted on that basis was upheld. Case-Laws Central Excise Wed, 12 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88704