https://www.taxtmi.com/caselaws?id=390243 The Tribunal upheld the relationship between the Appellant and M/s Adelphi Pharmaceuticals and M/s Heilen Lab, considering mutual interest and family control. It determined the discounted price as the transaction value for duty calculation, citing related-party transactions. The extended period for confirming duty was justified due to non-disclosure of pricing agreements. Penalties were upheld on the company and its Managing Director, with a reduction in the Director's penalty and removal of the penalty on another director. The appeal by the Appellant Company was rejected, confirming the duty differentials and penalties with adjustments. en-us Fri, 13 Dec 2019 00:00:00 +0530 Fri, 27 Dec 2019 06:51:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390243 The Tribunal upheld the relationship between the Appellant and M/s Adelphi Pharmaceuticals and M/s Heilen Lab, considering mutual interest and family control. It determined the discounted price as the transaction value for duty calculation, citing related-party transactions. The extended period for confirming duty was justified due to non-disclosure of pricing agreements. Penalties were upheld on the company and its Managing Director, with a reduction in the Director's penalty and removal of the penalty on another director. The appeal by the Appellant Company was rejected, confirming the duty differentials and penalties with adjustments. Case-Laws Central Excise Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390243