https://www.taxtmi.com/caselaws?id=427011 The Tribunal held that the appellant and its buyers were not "related persons" under Section 4 of the Central Excise Act, 1944. As the buyers were not related under the specified clauses, Rule 9 and Rule 8 of the Valuation Rules could not be applied. Therefore, the excise duty was determined to be based on the transaction value, not 110% of the cost of production. The Tribunal set aside the order, allowing the appeal and dismissing the demand for excise duty based on Rule 9. en-us Mon, 29 Aug 2022 00:00:00 +0530 Wed, 31 Aug 2022 07:01:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427011 The Tribunal held that the appellant and its buyers were not "related persons" under Section 4 of the Central Excise Act, 1944. As the buyers were not related under the specified clauses, Rule 9 and Rule 8 of the Valuation Rules could not be applied. Therefore, the excise duty was determined to be based on the transaction value, not 110% of the cost of production. The Tribunal set aside the order, allowing the appeal and dismissing the demand for excise duty based on Rule 9. Case-Laws Central Excise Mon, 29 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427011