https://www.taxtmi.com/caselaws?id=88758 Closely connected units under common ownership, management, premises and trading channels may have their clearances clubbed as those of one manufacturer for exemption purposes, even without formal profit-sharing or documented financial flow-back. Where sales are routed through connected concerns with no genuine independent movement or dealing, the assessable value may be taken as the last sale price to independent wholesalers. A diary-based demand for alleged clandestine manufacture and clearance cannot stand without proper reconciliation of diary entries with excise records, export figures and removals; that component was set aside and remanded for fresh quantification. Deliberate suppression and staged transactions also justified invocation of the extended limitation period. en-us Thu, 05 Feb 1998 00:00:00 +0530 Wed, 21 Sep 2011 10:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88758 Closely connected units under common ownership, management, premises and trading channels may have their clearances clubbed as those of one manufacturer for exemption purposes, even without formal profit-sharing or documented financial flow-back. Where sales are routed through connected concerns with no genuine independent movement or dealing, the assessable value may be taken as the last sale price to independent wholesalers. A diary-based demand for alleged clandestine manufacture and clearance cannot stand without proper reconciliation of diary entries with excise records, export figures and removals; that component was set aside and remanded for fresh quantification. Deliberate suppression and staged transactions also justified invocation of the extended limitation period. Case-Laws Central Excise Thu, 05 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88758