https://www.taxtmi.com/caselaws?id=2199 The Tribunal held that the Department failed to prove mutuality of interest between the buyer and seller in the case involving the valuation of goods sold between inter-connected undertakings under the Central Excise Valuation Rules, 2000. The Tribunal found that the prices charged were at arms length and market determined, supported by the fact that other suppliers also sold at the same price to the buyer. Consequently, the Tribunal set aside the demand, interest, and penalty imposed on the Appellants, granting them consequential relief. The Cross Objection filed by the Department was also disposed of accordingly. en-us Mon, 02 Jul 2007 00:00:00 +0530 Tue, 15 Apr 2008 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2199 The Tribunal held that the Department failed to prove mutuality of interest between the buyer and seller in the case involving the valuation of goods sold between inter-connected undertakings under the Central Excise Valuation Rules, 2000. The Tribunal found that the prices charged were at arms length and market determined, supported by the fact that other suppliers also sold at the same price to the buyer. Consequently, the Tribunal set aside the demand, interest, and penalty imposed on the Appellants, granting them consequential relief. The Cross Objection filed by the Department was also disposed of accordingly. Case-Laws Central Excise Mon, 02 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2199