https://www.taxtmi.com/caselaws?id=3330 Common directorship alone does not establish that an assessee and buyer are related persons for excise valuation unless mutuality of interest or financial flow back is shown. On the facts, the record did not support related-person status, and the lower sale price was explained by differences in transportation and advertisement costs. As the department produced no material to justify valuation on the buyer's resale price, re-quantification of assessable value was unsustainable. en-us Thu, 04 Oct 2007 00:00:00 +0530 Wed, 16 Apr 2008 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3330 Common directorship alone does not establish that an assessee and buyer are related persons for excise valuation unless mutuality of interest or financial flow back is shown. On the facts, the record did not support related-person status, and the lower sale price was explained by differences in transportation and advertisement costs. As the department produced no material to justify valuation on the buyer's resale price, re-quantification of assessable value was unsustainable. Case-Laws Central Excise Thu, 04 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3330