https://www.taxtmi.com/caselaws?id=89448 Related-person valuation under excise law depends on proof of mutual interest in the business of the manufacturer and buyer. Applying its earlier final order on identical facts, the Tribunal found no material showing such interest between the appellants and M/s. Jay Engineering Works Ltd. In the absence of a relationship covered by Section 4(4)(c) of the Central Excise Act, the assessable value could not be based on the resale price charged by Jay Engineering Works to wholesalers. The appellants were therefore not liable to have duty assessed on that basis. en-us Fri, 13 Nov 1998 00:00:00 +0530 Tue, 27 Sep 2011 11:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89448 Related-person valuation under excise law depends on proof of mutual interest in the business of the manufacturer and buyer. Applying its earlier final order on identical facts, the Tribunal found no material showing such interest between the appellants and M/s. Jay Engineering Works Ltd. In the absence of a relationship covered by Section 4(4)(c) of the Central Excise Act, the assessable value could not be based on the resale price charged by Jay Engineering Works to wholesalers. The appellants were therefore not liable to have duty assessed on that basis. Case-Laws Central Excise Fri, 13 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89448