https://www.taxtmi.com/caselaws?id=32576 Transaction value under central excise cannot be rejected merely because the buyer is related; the decisive question is whether the relationship influenced the sale price. Where the assessee also sells to independent buyers, those comparable sales must be examined before resorting to best judgment valuation under Rule 8. On the record described, the adjudicating authority had not assessed the invoice evidence or the effect of relationship on price with reference to comparable quantities, so the valuation finding could not be sustained without fresh factual inquiry. The matter was therefore remanded for de novo adjudication after giving the assessee a reasonable opportunity of hearing. en-us Wed, 23 Jul 2008 00:00:00 +0530 Sat, 14 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32576 Transaction value under central excise cannot be rejected merely because the buyer is related; the decisive question is whether the relationship influenced the sale price. Where the assessee also sells to independent buyers, those comparable sales must be examined before resorting to best judgment valuation under Rule 8. On the record described, the adjudicating authority had not assessed the invoice evidence or the effect of relationship on price with reference to comparable quantities, so the valuation finding could not be sustained without fresh factual inquiry. The matter was therefore remanded for de novo adjudication after giving the assessee a reasonable opportunity of hearing. Case-Laws Central Excise Wed, 23 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32576