https://www.taxtmi.com/caselaws?id=254308 The court upheld the adjudicating authority's decision that the valuation of goods cleared to the related person should be under Rule 4 of the Valuation Rules, using the price at which goods were sold to independent buyers. The Board's Circulars cited by the appellants were deemed inapplicable. The imposition of penalty and interest was upheld, with a penalty of Rs. 10,000 under Rule 25(1)(a) of the Central Excise Rules, 2002, and interest under Sections 11A and 11AB of the Central Excise Act, 1944. The appeal was rejected, and the stay application was disposed of accordingly. en-us Wed, 22 Jan 2014 00:00:00 +0530 Thu, 18 Dec 2014 16:00:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254308 The court upheld the adjudicating authority's decision that the valuation of goods cleared to the related person should be under Rule 4 of the Valuation Rules, using the price at which goods were sold to independent buyers. The Board's Circulars cited by the appellants were deemed inapplicable. The imposition of penalty and interest was upheld, with a penalty of Rs. 10,000 under Rule 25(1)(a) of the Central Excise Rules, 2002, and interest under Sections 11A and 11AB of the Central Excise Act, 1944. The appeal was rejected, and the stay application was disposed of accordingly. Case-Laws Central Excise Wed, 22 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254308