https://www.taxtmi.com/caselaws?id=339561 Mutuality of interest is essential to treat a buyer as a "related person" for excise valuation, and a mere principal-to-principal sale to a sole distributor does not satisfy that test. The Court noted that buyer-seller dealings, common directors in another entity, use of a trademark without royalty, or a wide resale margin do not by themselves establish the statutory reciprocity of business interest. Because the goods were manufactured in the assessee's own factory and the record did not show direct or indirect interest in each other's business, the distributor's resale price could not be used as the assessable value and the differential duty demand was unsustainable. en-us Mon, 27 Feb 2017 00:00:00 +0530 Mon, 28 Aug 2017 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339561 Mutuality of interest is essential to treat a buyer as a "related person" for excise valuation, and a mere principal-to-principal sale to a sole distributor does not satisfy that test. The Court noted that buyer-seller dealings, common directors in another entity, use of a trademark without royalty, or a wide resale margin do not by themselves establish the statutory reciprocity of business interest. Because the goods were manufactured in the assessee's own factory and the record did not show direct or indirect interest in each other's business, the distributor's resale price could not be used as the assessable value and the differential duty demand was unsustainable. Case-Laws Central Excise Mon, 27 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339561