https://www.taxtmi.com/caselaws?id=333594 Declared transaction value was rejected because the manufacturer's clearances to buyer group entities were found to reflect related-person and interconnected-undertaking dealings, based on common control, shared management, cross-shareholding and family-linked personnel; valuation on the Department's basis was therefore upheld. The same approach was applied to captively consumed goods. Claimed discounts were disallowed because the turnover discount scheme had not been pre-declared before clearance and post-sale discounts were not acceptable. The extended limitation period was available as the declarations did not disclose material facts revealed by investigation, and the suppression finding sustained the penalties. The appeals accordingly failed and the duty and penalties were confirmed. en-us Tue, 27 Sep 2016 00:00:00 +0530 Tue, 30 Jan 2018 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333594 Declared transaction value was rejected because the manufacturer's clearances to buyer group entities were found to reflect related-person and interconnected-undertaking dealings, based on common control, shared management, cross-shareholding and family-linked personnel; valuation on the Department's basis was therefore upheld. The same approach was applied to captively consumed goods. Claimed discounts were disallowed because the turnover discount scheme had not been pre-declared before clearance and post-sale discounts were not acceptable. The extended limitation period was available as the declarations did not disclose material facts revealed by investigation, and the suppression finding sustained the penalties. The appeals accordingly failed and the duty and penalties were confirmed. Case-Laws Central Excise Tue, 27 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333594