https://www.taxtmi.com/caselaws?id=371108 The Tribunal ruled in favor of the appellants, finding that M/s. JTC was not a related person to M/s. RDCPL under Section 4 of the Central Excise Act, 1944. It held that the valuation of goods cleared to M/s. JTC should not be based on the price at which M/s. JTC sold them. The demand for Central Excise duty and penalties imposed on the appellants were deemed unsustainable, with the Tribunal highlighting the lack of mutual interest or financial benefits flowing back from M/s. JTC to the appellants. The Tribunal also found the show-cause notice partly barred by limitation, ultimately allowing all appeals and setting aside the demands and penalties. en-us Mon, 26 Nov 2018 00:00:00 +0530 Thu, 29 Nov 2018 07:55:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371108 The Tribunal ruled in favor of the appellants, finding that M/s. JTC was not a related person to M/s. RDCPL under Section 4 of the Central Excise Act, 1944. It held that the valuation of goods cleared to M/s. JTC should not be based on the price at which M/s. JTC sold them. The demand for Central Excise duty and penalties imposed on the appellants were deemed unsustainable, with the Tribunal highlighting the lack of mutual interest or financial benefits flowing back from M/s. JTC to the appellants. The Tribunal also found the show-cause notice partly barred by limitation, ultimately allowing all appeals and setting aside the demands and penalties. Case-Laws Central Excise Mon, 26 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371108