https://www.taxtmi.com/caselaws?id=339135 For clearances to a related buyer, the declared transaction value cannot be rejected under valuation rules merely because of the relationship. Where the sales were fixed through an open tender and competitive bidding process, and the record showed sales of the same product to other buyers at the same or lower prices, the price was treated as the sole consideration. In the absence of evidence that the relationship influenced the price, the higher assessable value could not be adopted. On that basis, the duty demand, interest and penalty based on revaluation could not survive. en-us Tue, 07 Feb 2017 00:00:00 +0530 Wed, 23 Aug 2017 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339135 For clearances to a related buyer, the declared transaction value cannot be rejected under valuation rules merely because of the relationship. Where the sales were fixed through an open tender and competitive bidding process, and the record showed sales of the same product to other buyers at the same or lower prices, the price was treated as the sole consideration. In the absence of evidence that the relationship influenced the price, the higher assessable value could not be adopted. On that basis, the duty demand, interest and penalty based on revaluation could not survive. Case-Laws Central Excise Tue, 07 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339135