https://www.taxtmi.com/caselaws?id=117109 Common shareholding alone does not establish that two limited companies are related persons for excise valuation, because each company remains a separate legal entity. Differential duty based on the price at which goods were later sold to unrelated buyers was unsustainable where the relationship was not established and not all goods passed through the alleged related party. Rule 6C(ii) of the Valuation Rules, 1975 did not permit adoption of downstream sale prices as assessable value without a legally sustainable basis. The lower appellate valuation was sustained and the revenue challenge failed. en-us Wed, 21 Sep 2005 00:00:00 +0530 Wed, 20 Jun 2012 14:14:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117109 Common shareholding alone does not establish that two limited companies are related persons for excise valuation, because each company remains a separate legal entity. Differential duty based on the price at which goods were later sold to unrelated buyers was unsustainable where the relationship was not established and not all goods passed through the alleged related party. Rule 6C(ii) of the Valuation Rules, 1975 did not permit adoption of downstream sale prices as assessable value without a legally sustainable basis. The lower appellate valuation was sustained and the revenue challenge failed. Case-Laws Central Excise Wed, 21 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117109