https://www.taxtmi.com/caselaws?id=426 Common shareholding alone does not establish that two limited companies are related persons for Central Excise valuation, because each company has a separate legal identity. Related-party resale prices cannot be adopted as assessable value unless the legal basis for treating the entities as related persons is first established. Where the manufacturer does not clear all goods through the alleged related party, that party's prices to unrelated buyers cannot automatically determine the value of the manufacturer's clearances. Consequently, a demand founded on related-person valuation is unsustainable where the relationship and valuation basis are not proved. en-us Wed, 21 Sep 2005 00:00:00 +0530 Sun, 13 Apr 2008 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426 Common shareholding alone does not establish that two limited companies are related persons for Central Excise valuation, because each company has a separate legal identity. Related-party resale prices cannot be adopted as assessable value unless the legal basis for treating the entities as related persons is first established. Where the manufacturer does not clear all goods through the alleged related party, that party's prices to unrelated buyers cannot automatically determine the value of the manufacturer's clearances. Consequently, a demand founded on related-person valuation is unsustainable where the relationship and valuation basis are not proved. Case-Laws Central Excise Wed, 21 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426