https://www.taxtmi.com/caselaws?id=392611 The Tribunal concluded that the appellant, a private limited company, and the buyer, a partnership firm, were not "related persons" under Section 4(3)(b) of the Central Excise Act, 1944. Therefore, Rule 8/9 of the Central Excise Valuation Rules, 2000, was inapplicable. The Tribunal set aside the impugned orders, affirming the transaction value declared by the appellant as correct and legal, and allowed the appeals. The decision emphasized that common directors or relatives do not automatically establish a "related person" relationship for valuation purposes. en-us Fri, 21 Feb 2020 00:00:00 +0530 Thu, 07 Nov 2024 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392611 The Tribunal concluded that the appellant, a private limited company, and the buyer, a partnership firm, were not "related persons" under Section 4(3)(b) of the Central Excise Act, 1944. Therefore, Rule 8/9 of the Central Excise Valuation Rules, 2000, was inapplicable. The Tribunal set aside the impugned orders, affirming the transaction value declared by the appellant as correct and legal, and allowed the appeals. The decision emphasized that common directors or relatives do not automatically establish a "related person" relationship for valuation purposes. Case-Laws Central Excise Fri, 21 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392611