https://www.taxtmi.com/caselaws?id=440607 Rule 9 valuation for clearances to a connected concern applies only where the statutory related-person conditions and mutuality of interest are established; on the facts recorded, those requirements were not proved, and the notional valuation under Rule 8 and Rule 9 was not justified. The valuation dispute was also debatable, and duty had been paid well before the show-cause notice, so invocation of the extended period was not warranted. Penalty under Section 11AC and interest under Section 11AB were therefore unsustainable and were set aside. Relief was thus confined to penalty and interest, while the merits of the duty demand were not pressed in this proceeding. en-us Thu, 20 Jul 2023 00:00:00 +0530 Fri, 21 Jul 2023 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440607 Rule 9 valuation for clearances to a connected concern applies only where the statutory related-person conditions and mutuality of interest are established; on the facts recorded, those requirements were not proved, and the notional valuation under Rule 8 and Rule 9 was not justified. The valuation dispute was also debatable, and duty had been paid well before the show-cause notice, so invocation of the extended period was not warranted. Penalty under Section 11AC and interest under Section 11AB were therefore unsustainable and were set aside. Relief was thus confined to penalty and interest, while the merits of the duty demand were not pressed in this proceeding. Case-Laws Central Excise Thu, 20 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440607