https://www.taxtmi.com/caselaws?id=303437 Excise valuation under the Central Excise and Salt Act, 1944 turned on whether the assessee was a "related person" by reason of any interest in the buyer under Section 4(1)(a) read with Section 4(4)(c). The Tribunal found on the facts that the assessee had no such interest in the buyer, so the transaction price could not be displaced in favour of market price. As no infirmity in that factual finding was established, interference was unwarranted. The Tribunal's setting aside of the demand and penalties was sustained. en-us Wed, 16 Jul 2008 00:00:00 +0530 Fri, 22 Jul 2022 17:42:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303437 Excise valuation under the Central Excise and Salt Act, 1944 turned on whether the assessee was a "related person" by reason of any interest in the buyer under Section 4(1)(a) read with Section 4(4)(c). The Tribunal found on the facts that the assessee had no such interest in the buyer, so the transaction price could not be displaced in favour of market price. As no infirmity in that factual finding was established, interference was unwarranted. The Tribunal's setting aside of the demand and penalties was sustained. Case-Laws Central Excise Wed, 16 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303437