https://www.taxtmi.com/caselaws?id=262144 Mutuality of interest under excise valuation law requires a reciprocal, direct or indirect, interest in the business of each other; mere shareholding, financing, commercial association, or interest-free loans is insufficient, so the assessee and buyer companies were not related persons. Rule 9 of the Central Excise (Valuation) Rules, 1975 applies only where the statutory conditions are cumulatively met and sales are to or through the related person in the manner contemplated by the rule; inter-connected undertakings alone did not suffice, especially where most sales were to third parties. The Department therefore lacked a sustainable basis for revaluation on either ground. en-us Wed, 22 Jul 2015 00:00:00 +0530 Sat, 03 Oct 2015 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262144 Mutuality of interest under excise valuation law requires a reciprocal, direct or indirect, interest in the business of each other; mere shareholding, financing, commercial association, or interest-free loans is insufficient, so the assessee and buyer companies were not related persons. Rule 9 of the Central Excise (Valuation) Rules, 1975 applies only where the statutory conditions are cumulatively met and sales are to or through the related person in the manner contemplated by the rule; inter-connected undertakings alone did not suffice, especially where most sales were to third parties. The Department therefore lacked a sustainable basis for revaluation on either ground. Case-Laws Central Excise Wed, 22 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262144