https://www.taxtmi.com/caselaws?id=123444 In related-party clearances, extended limitation could not be invoked where the record showed no revenue gain, departmental awareness, prior audit objection and a bona fide valuation belief; the earlier demand and connected penalties were therefore set aside. For clearances made after 1-7-2000 to a related or subsidiary person, valuation had to be determined under the prescribed cost-based rule, and the adjudicating authority had not properly applied that framework. The post-1-7-2000 demand, along with consequential liability, was remanded for fresh adjudication with proper factual verification on valuation, limitation and penalties. en-us Fri, 29 Feb 2008 00:00:00 +0530 Wed, 11 Oct 2017 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123444 In related-party clearances, extended limitation could not be invoked where the record showed no revenue gain, departmental awareness, prior audit objection and a bona fide valuation belief; the earlier demand and connected penalties were therefore set aside. For clearances made after 1-7-2000 to a related or subsidiary person, valuation had to be determined under the prescribed cost-based rule, and the adjudicating authority had not properly applied that framework. The post-1-7-2000 demand, along with consequential liability, was remanded for fresh adjudication with proper factual verification on valuation, limitation and penalties. Case-Laws Central Excise Fri, 29 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123444