https://www.taxtmi.com/caselaws?id=336263 The tribunal upheld the valuation of goods sold between interconnected undertakings, finding that the relationship between the parties did not meet the criteria for being considered related persons under the Central Excise Act. It concluded that the valuation based on the cost construction method was not applicable, distinguishing the case from a previous judgment involving a partnership firm. The tribunal rejected the Revenue's appeal, emphasizing the necessity of a clear relationship as defined in the law to apply valuation rules in such cases. en-us Wed, 16 Nov 2016 00:00:00 +0530 Tue, 30 Jan 2018 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336263 The tribunal upheld the valuation of goods sold between interconnected undertakings, finding that the relationship between the parties did not meet the criteria for being considered related persons under the Central Excise Act. It concluded that the valuation based on the cost construction method was not applicable, distinguishing the case from a previous judgment involving a partnership firm. The tribunal rejected the Revenue's appeal, emphasizing the necessity of a clear relationship as defined in the law to apply valuation rules in such cases. Case-Laws Central Excise Wed, 16 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336263