https://www.taxtmi.com/caselaws?id=339621 The Tribunal set aside the impugned order in an appeal concerning under valuation charges against an appellant manufacturing Iron & Steel Castings. The appellant's argument that Valuation Rules did not apply due to not clearing 100% of production to a related unit was accepted. As the appellant did not meet the criteria of clearing 100% through related persons, the Tribunal deemed the charge of under valuation unsustainable. The appeal was allowed, emphasizing the importance of meeting specific criteria for the Valuation Rules to be applicable in related party transactions. en-us Mon, 06 Feb 2017 00:00:00 +0530 Thu, 24 Aug 2017 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339621 The Tribunal set aside the impugned order in an appeal concerning under valuation charges against an appellant manufacturing Iron & Steel Castings. The appellant's argument that Valuation Rules did not apply due to not clearing 100% of production to a related unit was accepted. As the appellant did not meet the criteria of clearing 100% through related persons, the Tribunal deemed the charge of under valuation unsustainable. The appeal was allowed, emphasizing the importance of meeting specific criteria for the Valuation Rules to be applicable in related party transactions. Case-Laws Central Excise Mon, 06 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339621