https://www.taxtmi.com/caselaws?id=114801 Related-person status under Central Excise valuation depends on mutuality of interest shown by financial and managerial interlacing, such as common bank operations, common signatories, fund transfers and shared control; on these facts, the manufacturer's price could not be taken at face value. Assessable value had to be recomputed on the excisable product alone, after excluding post-manufacturing additions, impermissible composite elements and allowable deductions, with fresh determination of the final price and duty. Personal penalty under Rule 209A required proof of knowing involvement in goods liable to confiscation, and mere designation as managing director was insufficient. en-us Tue, 26 Oct 2004 00:00:00 +0530 Mon, 21 May 2012 12:48:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114801 Related-person status under Central Excise valuation depends on mutuality of interest shown by financial and managerial interlacing, such as common bank operations, common signatories, fund transfers and shared control; on these facts, the manufacturer's price could not be taken at face value. Assessable value had to be recomputed on the excisable product alone, after excluding post-manufacturing additions, impermissible composite elements and allowable deductions, with fresh determination of the final price and duty. Personal penalty under Rule 209A required proof of knowing involvement in goods liable to confiscation, and mere designation as managing director was insufficient. Case-Laws Central Excise Tue, 26 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114801