https://www.taxtmi.com/caselaws?id=30290 The Tribunal set aside the demand of a company and its Managing Director for a differential duty, penalty, and interest imposed based on transactions of plastic moulded furniture with another company. The Tribunal found inaccuracies in the Commissioner's assessment, determining that the companies were not related parties as per the Central Excise Act, 1944. The agreement terms were deemed commercial, transactions were at arm's length, and pricing was a result of consultation. Lack of evidence of fund flow, mutuality of interest, and price manipulation led to the Tribunal allowing the appeals and setting aside the demand. en-us Tue, 19 Feb 2008 00:00:00 +0530 Thu, 21 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30290 The Tribunal set aside the demand of a company and its Managing Director for a differential duty, penalty, and interest imposed based on transactions of plastic moulded furniture with another company. The Tribunal found inaccuracies in the Commissioner's assessment, determining that the companies were not related parties as per the Central Excise Act, 1944. The agreement terms were deemed commercial, transactions were at arm's length, and pricing was a result of consultation. Lack of evidence of fund flow, mutuality of interest, and price manipulation led to the Tribunal allowing the appeals and setting aside the demand. Case-Laws Central Excise Tue, 19 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30290