https://www.taxtmi.com/caselaws?id=354937 The Tribunal set aside the decision that re-determined the value of Polyester Chips sold to a related party, leading to duty demand, interest liability, and penalties. The Tribunal found the adoption of specific values for different grades of chips to be arbitrary and unsustainable, emphasizing that transaction values between related parties should closely approximate those of similar goods sold to non-related parties. The appeal was allowed with consequential benefits in favor of the appellants. en-us Mon, 14 Aug 2017 00:00:00 +0530 Wed, 07 Feb 2018 08:23:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354937 The Tribunal set aside the decision that re-determined the value of Polyester Chips sold to a related party, leading to duty demand, interest liability, and penalties. The Tribunal found the adoption of specific values for different grades of chips to be arbitrary and unsustainable, emphasizing that transaction values between related parties should closely approximate those of similar goods sold to non-related parties. The appeal was allowed with consequential benefits in favor of the appellants. Case-Laws Central Excise Mon, 14 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354937