https://www.taxtmi.com/caselaws?id=394040 The Tribunal ruled in favor of the appellant, a manufacturer of 3MM Stranded Ply wire, in a dispute over the valuation of goods sold to buyers. The central issue was whether the buyers could be classified as "related persons," impacting the valuation method. The Tribunal found that while the buyers were interconnected, they did not meet the criteria of related persons under the law. Lack of evidence supporting a related person status and absence of mutual interest or fund flow between the parties led to the dismissal of the department's demand for higher valuation, setting aside the orders and allowing the appeal. en-us Tue, 04 Feb 2020 00:00:00 +0530 Sat, 28 Mar 2020 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394040 The Tribunal ruled in favor of the appellant, a manufacturer of 3MM Stranded Ply wire, in a dispute over the valuation of goods sold to buyers. The central issue was whether the buyers could be classified as "related persons," impacting the valuation method. The Tribunal found that while the buyers were interconnected, they did not meet the criteria of related persons under the law. Lack of evidence supporting a related person status and absence of mutual interest or fund flow between the parties led to the dismissal of the department's demand for higher valuation, setting aside the orders and allowing the appeal. Case-Laws Central Excise Tue, 04 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394040