https://www.taxtmi.com/caselaws?id=267122 The Tribunal in the case involving M/s. Rewa Fans Industries (RFI) and M/s. Ravi Marketing Pvt. Ltd. (RMPL) held that the assessable value for goods sold to distributor and related parties should be based on the actual prices at which the goods were sold, as per the decision in Elgi Equipments Ltd. vs. CCE, Coimbatore [2007 (215) ELT 348 (SC)]. The Tribunal set aside penalties and confirmed the assessable value for the later period, while ruling out penalties for RMPL due to their cooperation and acknowledgment of the correct assessable value. en-us Tue, 28 Jul 2015 00:00:00 +0530 Fri, 30 Oct 2015 06:37:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267122 The Tribunal in the case involving M/s. Rewa Fans Industries (RFI) and M/s. Ravi Marketing Pvt. Ltd. (RMPL) held that the assessable value for goods sold to distributor and related parties should be based on the actual prices at which the goods were sold, as per the decision in Elgi Equipments Ltd. vs. CCE, Coimbatore [2007 (215) ELT 348 (SC)]. The Tribunal set aside penalties and confirmed the assessable value for the later period, while ruling out penalties for RMPL due to their cooperation and acknowledgment of the correct assessable value. Case-Laws Central Excise Tue, 28 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267122