https://www.taxtmi.com/caselaws?id=1419 Section 4 of the Central Excise Act requires transaction value to be accepted where sales are to an unrelated buyer for sole consideration. Related-person treatment based on inter-connected undertakings must satisfy the statutory definition, and on the stated facts a proprietary buyer and the available material did not establish the requisite relationship or common management. The buyer's resale price could not replace the assessee's transaction value because it was an onward sale price, taken from an earlier period, and not shown to be suitable for the goods in question. Rule 11 of the Valuation Rules applies only when prior valuation rules fail and the substitute method remains consistent with Section 4. en-us Wed, 28 Mar 2007 00:00:00 +0530 Mon, 14 Apr 2008 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1419 Section 4 of the Central Excise Act requires transaction value to be accepted where sales are to an unrelated buyer for sole consideration. Related-person treatment based on inter-connected undertakings must satisfy the statutory definition, and on the stated facts a proprietary buyer and the available material did not establish the requisite relationship or common management. The buyer's resale price could not replace the assessee's transaction value because it was an onward sale price, taken from an earlier period, and not shown to be suitable for the goods in question. Rule 11 of the Valuation Rules applies only when prior valuation rules fail and the substitute method remains consistent with Section 4. Case-Laws Central Excise Wed, 28 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1419