https://www.taxtmi.com/caselaws?id=339952 The Tribunal dismissed the Revenue's appeal, ruling that sales through an interconnected undertaking do not qualify as sales to related persons under the Central Excise Valuation Rules, 2000. Despite the appellant and Ballarpur Industries Ltd. being interconnected undertakings, the Tribunal emphasized the necessity of mutual interest in each other's business to establish a related person relationship. Citing legal precedents and the Commissioner's analysis, the Tribunal concluded that the goods should not be valued under Rule 8 of the Central Excise Valuation Rules, 2000, as alleged by the Revenue. en-us Mon, 27 Feb 2017 00:00:00 +0530 Wed, 22 Mar 2017 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339952 The Tribunal dismissed the Revenue's appeal, ruling that sales through an interconnected undertaking do not qualify as sales to related persons under the Central Excise Valuation Rules, 2000. Despite the appellant and Ballarpur Industries Ltd. being interconnected undertakings, the Tribunal emphasized the necessity of mutual interest in each other's business to establish a related person relationship. Citing legal precedents and the Commissioner's analysis, the Tribunal concluded that the goods should not be valued under Rule 8 of the Central Excise Valuation Rules, 2000, as alleged by the Revenue. Case-Laws Central Excise Mon, 27 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339952