https://www.taxtmi.com/caselaws?id=289267 Two companies could not be treated as related persons for excise valuation merely because they shared directors, premises, telephone numbers, a letterhead reference, or inter-company balances. In the absence of evidence showing the statutory ingredients of relationship or mutuality of interest under section 4(3)(b), the related-person valuation mechanism could not be applied and clearances could not be clubbed to deny small scale industry exemption. The assessee was therefore entitled to claim SSI exemption independently, and the demand, interest, and penalty were held unsustainable. en-us Fri, 26 Jul 2019 00:00:00 +0530 Thu, 23 Jul 2020 12:02:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289267 Two companies could not be treated as related persons for excise valuation merely because they shared directors, premises, telephone numbers, a letterhead reference, or inter-company balances. In the absence of evidence showing the statutory ingredients of relationship or mutuality of interest under section 4(3)(b), the related-person valuation mechanism could not be applied and clearances could not be clubbed to deny small scale industry exemption. The assessee was therefore entitled to claim SSI exemption independently, and the demand, interest, and penalty were held unsustainable. Case-Laws Central Excise Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289267