https://www.taxtmi.com/caselaws?id=345215 Mere classification of two private limited companies as inter-connected undertakings under the MRTP Act did not, by itself, establish that they were related persons for excise valuation. The governing valuation framework had to be examined before rejecting transaction value, and the lower authorities had not shown proper satisfaction of the valuation rules or a valid CAS-4-based cost computation to support adoption of 110% of cost of production. On that record, the valuation method was not sustainable, and the matter was remanded for fresh decision. en-us Tue, 25 Apr 2017 00:00:00 +0530 Wed, 12 Jul 2017 07:05:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345215 Mere classification of two private limited companies as inter-connected undertakings under the MRTP Act did not, by itself, establish that they were related persons for excise valuation. The governing valuation framework had to be examined before rejecting transaction value, and the lower authorities had not shown proper satisfaction of the valuation rules or a valid CAS-4-based cost computation to support adoption of 110% of cost of production. On that record, the valuation method was not sustainable, and the matter was remanded for fresh decision. Case-Laws Central Excise Tue, 25 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345215