https://www.taxtmi.com/caselaws?id=277201 The duty demand against a company for excisable goods cleared to another related company was set aside by the Tribunal. The valuation of goods was based on prices to independent buyers, rejecting the department's valuation method. Penalties imposed on the company and its partners were vacated along with the duty demand, following the principle that penalties should align with the duty demand outcome. The appeals were allowed, relieving the company and its partners from both the duty demand and penalties. en-us Fri, 03 Sep 2004 00:00:00 +0530 Wed, 28 Nov 2018 17:41:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277201 The duty demand against a company for excisable goods cleared to another related company was set aside by the Tribunal. The valuation of goods was based on prices to independent buyers, rejecting the department's valuation method. Penalties imposed on the company and its partners were vacated along with the duty demand, following the principle that penalties should align with the duty demand outcome. The appeals were allowed, relieving the company and its partners from both the duty demand and penalties. Case-Laws Central Excise Fri, 03 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277201