https://www.taxtmi.com/caselaws?id=121230 The Tribunal set aside the Commissioner's decision confirming duty demand and penalty against M/s. Koya & Company Industries Pvt. Ltd. (KCIL) in a case involving related persons under Section 4(3)(b) of the Central Excise Act. The Tribunal held that KCIL and M/s. Koya & Company Construction Pvt. Ltd. (KCCL) were not 'related persons' due to an interest-free advance, and Rule 9 of the Valuation Rules was inapplicable. The case was remanded for the Commissioner to determine the assessable value under Rule 11. en-us Fri, 09 Mar 2007 00:00:00 +0530 Fri, 27 Jul 2012 16:24:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121230 The Tribunal set aside the Commissioner's decision confirming duty demand and penalty against M/s. Koya & Company Industries Pvt. Ltd. (KCIL) in a case involving related persons under Section 4(3)(b) of the Central Excise Act. The Tribunal held that KCIL and M/s. Koya & Company Construction Pvt. Ltd. (KCCL) were not 'related persons' due to an interest-free advance, and Rule 9 of the Valuation Rules was inapplicable. The case was remanded for the Commissioner to determine the assessable value under Rule 11. Case-Laws Central Excise Fri, 09 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121230