https://www.taxtmi.com/caselaws?id=116660 The Tribunal ruled in favor of the appellant in a case involving the valuation of goods sold to a related company for excise duty assessment. The Tribunal held that the related company cannot be considered related for valuation purposes, and the value of batteries need not be included in the assessable value of the static converters. Consequently, the appellant was granted relief on the denial of the Small Scale Industry (SSI) exemption and the limitation period for initiating proceedings, leading to the setting aside of the demand, confiscation, and penalty imposed on the appellant. en-us Wed, 07 Dec 2005 00:00:00 +0530 Thu, 14 Jun 2012 15:58:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116660 The Tribunal ruled in favor of the appellant in a case involving the valuation of goods sold to a related company for excise duty assessment. The Tribunal held that the related company cannot be considered related for valuation purposes, and the value of batteries need not be included in the assessable value of the static converters. Consequently, the appellant was granted relief on the denial of the Small Scale Industry (SSI) exemption and the limitation period for initiating proceedings, leading to the setting aside of the demand, confiscation, and penalty imposed on the appellant. Case-Laws Central Excise Wed, 07 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116660