Supreme Court rules interest-free loan insufficient to classify buyers as related u/s 4(4)(c) of Central Excise Act. https://www.taxtmi.com/highlights?id=24040 Valuation of goods - related person - mutuality of interest - No doubt, the two buyers had given ₹ 85.66 crores interest free loan to the assessee. However, that by itself may not be a reason to hold them as related persons within the meaning of Section 4(4)(c) of the Act - SC en-us Mon, 03 Aug 2015 15:04:33 +0530 Mon, 03 Aug 2015 15:04:33 +0530 TaxTMI RSS Generator Supreme Court rules interest-free loan insufficient to classify buyers as related u/s 4(4)(c) of Central Excise Act. https://www.taxtmi.com/highlights?id=24040 Valuation of goods - related person - mutuality of interest - No doubt, the two buyers had given ₹ 85.66 crores interest free loan to the assessee. However, that by itself may not be a reason to hold them as related persons within the meaning of Section 4(4)(c) of the Act - SC Highlights Central Excise Mon, 03 Aug 2015 15:04:33 +0530 https://www.taxtmi.com/highlights?id=24040