https://www.taxtmi.com/caselaws?id=248643 Where excisable goods are sold both to related units and to independent wholesale buyers, the comparable price to independent buyers is the proper basis for valuation if it reflects the actual market price. The valuation rules relied on by the department were treated as applicable only where the entire production is sold to related persons, not where independent buyer sales provide a reliable benchmark. On that basis, the appellants established a prima facie case and obtained waiver of the pre-deposit requirement for duty and penalty, with the stay petition allowed. en-us Wed, 15 Feb 2012 00:00:00 +0530 Thu, 19 Jun 2014 03:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248643 Where excisable goods are sold both to related units and to independent wholesale buyers, the comparable price to independent buyers is the proper basis for valuation if it reflects the actual market price. The valuation rules relied on by the department were treated as applicable only where the entire production is sold to related persons, not where independent buyer sales provide a reliable benchmark. On that basis, the appellants established a prima facie case and obtained waiver of the pre-deposit requirement for duty and penalty, with the stay petition allowed. Case-Laws Central Excise Wed, 15 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248643