https://www.taxtmi.com/caselaws?id=343716 Clearances to a buyer cannot be revalued as sales to a related person or interconnected undertaking unless the statutory relationship under section 4(3)(b) of the Central Excise Act, 1944 is proved on record. Mere overlap in management, including common persons or directors, is insufficient without evidence of direct or indirect business interest, interconnection, or flow back affecting the transaction value. In the absence of such findings, the allegation of undervaluation fails and the duty demand, interest, and penalty cannot be sustained. en-us Thu, 25 May 2017 00:00:00 +0530 Sat, 01 Jul 2017 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343716 Clearances to a buyer cannot be revalued as sales to a related person or interconnected undertaking unless the statutory relationship under section 4(3)(b) of the Central Excise Act, 1944 is proved on record. Mere overlap in management, including common persons or directors, is insufficient without evidence of direct or indirect business interest, interconnection, or flow back affecting the transaction value. In the absence of such findings, the allegation of undervaluation fails and the duty demand, interest, and penalty cannot be sustained. Case-Laws Central Excise Thu, 25 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343716