https://www.taxtmi.com/caselaws?id=269436 For Central Excise valuation, the Court held that transaction value must be computed with reference to the relevant months covered by the notices, not an earlier unrelated period, and the related-person basis was accepted for fresh computation. It also confined the reassessment to Camphor alone because the notices were limited to that product. Statutory deductions for excise duty, sales tax, freight and transit insurance were recognised as allowable, subject to proof of incurrence. The appellate order was set aside and the matter remitted for fresh valuation on this restricted basis. en-us Wed, 18 Nov 2015 00:00:00 +0530 Wed, 03 Feb 2016 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269436 For Central Excise valuation, the Court held that transaction value must be computed with reference to the relevant months covered by the notices, not an earlier unrelated period, and the related-person basis was accepted for fresh computation. It also confined the reassessment to Camphor alone because the notices were limited to that product. Statutory deductions for excise duty, sales tax, freight and transit insurance were recognised as allowable, subject to proof of incurrence. The appellate order was set aside and the matter remitted for fresh valuation on this restricted basis. Case-Laws Central Excise Wed, 18 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269436