https://www.taxtmi.com/caselaws?id=268224 Mutuality of interest between closely connected units justified rejection of the declared transaction value for grey acrylic spun yarn, but the assessable value had to be reworked on the average price charged by SBM to independent buyers, not on RD's outside purchase prices; the valuation issue was remanded for fresh quantification. Eligibility for exemption on dyed yarn turned on whether the grey yarn had suffered payment of the correct excise duty, so the exemption claim under Notifications No. 5/99-C.E. and 6/2000-C.E. was left to be decided afresh after reassessment. The demand for alleged clandestine removal of dyed yarn was set aside because it rested on presumption alone and lacked supporting evidence. en-us Wed, 17 Jun 2015 00:00:00 +0530 Fri, 12 Feb 2016 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268224 Mutuality of interest between closely connected units justified rejection of the declared transaction value for grey acrylic spun yarn, but the assessable value had to be reworked on the average price charged by SBM to independent buyers, not on RD's outside purchase prices; the valuation issue was remanded for fresh quantification. Eligibility for exemption on dyed yarn turned on whether the grey yarn had suffered payment of the correct excise duty, so the exemption claim under Notifications No. 5/99-C.E. and 6/2000-C.E. was left to be decided afresh after reassessment. The demand for alleged clandestine removal of dyed yarn was set aside because it rested on presumption alone and lacked supporting evidence. Case-Laws Central Excise Wed, 17 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268224