https://www.taxtmi.com/caselaws?id=349054 The Tribunal dismissed the Revenue's appeal, upholding the respondents' valuation method based on Rule 8 for goods sold to related parties. It found that Rule 10(a) applies to sales exclusively to interconnected undertakings, while Rule 11 should be used for sales to related and unrelated buyers. The Tribunal supported the respondents' valuation at 115% of the cost for sales to their subsidiary units, rejecting the inclusion of additional consideration in the assessable value. It ruled the demand was time-barred as the valuation method was based on audit directions and CBEC circulars known to the Revenue. en-us Thu, 28 Sep 2017 00:00:00 +0530 Mon, 30 Apr 2018 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349054 The Tribunal dismissed the Revenue's appeal, upholding the respondents' valuation method based on Rule 8 for goods sold to related parties. It found that Rule 10(a) applies to sales exclusively to interconnected undertakings, while Rule 11 should be used for sales to related and unrelated buyers. The Tribunal supported the respondents' valuation at 115% of the cost for sales to their subsidiary units, rejecting the inclusion of additional consideration in the assessable value. It ruled the demand was time-barred as the valuation method was based on audit directions and CBEC circulars known to the Revenue. Case-Laws Central Excise Thu, 28 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349054