https://www.taxtmi.com/caselaws?id=348496 The tribunal ruled in favor of the appellant in a case concerning the valuation of goods sold to related persons. The dispute revolved around the application of Central Excise Valuation Rules, specifically Rule 8 & 9, and the interpretation of these rules in light of the decision in Ispat Industries Ltd. case. The tribunal held that the rules apply when an assessee's entire production is captively consumed, not when goods are sold to both related and independent buyers. Citing precedents, the tribunal set aside the impugned orders and allowed the appeals, concluding in favor of the appellant. en-us Thu, 21 Sep 2017 00:00:00 +0530 Fri, 22 Sep 2017 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348496 The tribunal ruled in favor of the appellant in a case concerning the valuation of goods sold to related persons. The dispute revolved around the application of Central Excise Valuation Rules, specifically Rule 8 & 9, and the interpretation of these rules in light of the decision in Ispat Industries Ltd. case. The tribunal held that the rules apply when an assessee's entire production is captively consumed, not when goods are sold to both related and independent buyers. Citing precedents, the tribunal set aside the impugned orders and allowed the appeals, concluding in favor of the appellant. Case-Laws Central Excise Thu, 21 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348496