https://www.taxtmi.com/caselaws?id=283286 The Tribunal set aside the department's demand for duty at 110% of the cost of manufacture under the Central Excise Act, 1944, in a case involving the sale of goods to the proprietor's brother. The Tribunal found that the mere brotherly relationship did not establish the parties as related persons, emphasizing the lack of evidence of mutual interest or financial flows between them. Citing legal precedents, the Tribunal stressed the need for concrete evidence and valid valuation methods, ultimately allowing the appeal due to the unjustified valuation calculation and lack of substantiation for related persons status. en-us Fri, 07 Sep 2018 00:00:00 +0530 Wed, 18 Sep 2019 07:45:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283286 The Tribunal set aside the department's demand for duty at 110% of the cost of manufacture under the Central Excise Act, 1944, in a case involving the sale of goods to the proprietor's brother. The Tribunal found that the mere brotherly relationship did not establish the parties as related persons, emphasizing the lack of evidence of mutual interest or financial flows between them. Citing legal precedents, the Tribunal stressed the need for concrete evidence and valid valuation methods, ultimately allowing the appeal due to the unjustified valuation calculation and lack of substantiation for related persons status. Case-Laws Central Excise Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283286