https://www.taxtmi.com/caselaws?id=101756 Where clearances to connected buyers are made under an arrangement showing buyer-side control over procurement, production, pricing and disposal, and the declared price reflects extra-commercial considerations rather than independent negotiation, the price cannot be treated as the normal wholesale price for valuation and assessable value must be redetermined under the proviso to Section 4(1)(a). On the same factual matrix, an intermeshed, non-independent commercial arrangement with financial flow-back supports invocation of the extended limitation period. Penalty under Section 11AC is not retrospective, and penalties under Rule 173Q and Rule 209A were set aside for fresh quantification in the remand proceedings. en-us Fri, 15 Mar 2002 00:00:00 +0530 Sat, 11 Feb 2012 10:24:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101756 Where clearances to connected buyers are made under an arrangement showing buyer-side control over procurement, production, pricing and disposal, and the declared price reflects extra-commercial considerations rather than independent negotiation, the price cannot be treated as the normal wholesale price for valuation and assessable value must be redetermined under the proviso to Section 4(1)(a). On the same factual matrix, an intermeshed, non-independent commercial arrangement with financial flow-back supports invocation of the extended limitation period. Penalty under Section 11AC is not retrospective, and penalties under Rule 173Q and Rule 209A were set aside for fresh quantification in the remand proceedings. Case-Laws Central Excise Fri, 15 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101756