https://www.taxtmi.com/caselaws?id=351367 Where excisable goods are cleared exclusively to a holding company or other inter-connected undertaking, assessable value is to be determined under the valuation rules applicable to such related transfers, not by treating the declared clearance price as ordinary transaction value under section 4(1)(a). The earlier view in the assessee's own matter was followed, and the contrary Revenue authority was distinguished on its facts because it did not concern the same inter-connected-company valuation matrix. On that basis, the demand founded on transaction value was found unsustainable and the assessee's valuation under the rules was upheld. en-us Tue, 12 Sep 2017 00:00:00 +0530 Fri, 24 Nov 2017 06:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351367 Where excisable goods are cleared exclusively to a holding company or other inter-connected undertaking, assessable value is to be determined under the valuation rules applicable to such related transfers, not by treating the declared clearance price as ordinary transaction value under section 4(1)(a). The earlier view in the assessee's own matter was followed, and the contrary Revenue authority was distinguished on its facts because it did not concern the same inter-connected-company valuation matrix. On that basis, the demand founded on transaction value was found unsustainable and the assessee's valuation under the rules was upheld. Case-Laws Central Excise Tue, 12 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351367