https://www.taxtmi.com/caselaws?id=94022 Excise valuation depends on proof that the buyer and assessee are related persons or that additional consideration passed directly or indirectly; without evidence of mutuality of interest, common directors alone do not establish such a relationship. Where the record does not show that the discount structure represents extra consideration, the sale remains a principal-to-principal transaction and the declared transaction value is not displaced. The commentary therefore states that a related-person allegation against distinct private limited companies must be supported by material evidence, failing which differential duty cannot be sustained. en-us Mon, 28 Aug 2000 00:00:00 +0530 Fri, 18 Nov 2011 14:59:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94022 Excise valuation depends on proof that the buyer and assessee are related persons or that additional consideration passed directly or indirectly; without evidence of mutuality of interest, common directors alone do not establish such a relationship. Where the record does not show that the discount structure represents extra consideration, the sale remains a principal-to-principal transaction and the declared transaction value is not displaced. The commentary therefore states that a related-person allegation against distinct private limited companies must be supported by material evidence, failing which differential duty cannot be sustained. Case-Laws Central Excise Mon, 28 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94022