https://www.taxtmi.com/highlights?id=71098 Valuation of goods - Misdeclaration of export goods - the appellants sold the goods of prime quality mis-declaring the same as “rejects” and the same was sold to the related company UIL. It has been found that the UIL sold the goods at a higher rate. Therefore, the valuation ordered to be done under Rule 7 on the basis of the same cannot be said to be arbitrary and/or illegal. - SC en-us Wed, 26 Jul 2023 15:27:21 +0530 Wed, 26 Jul 2023 15:27:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71098 Valuation of goods - Misdeclaration of export goods - the appellants sold the goods of prime quality mis-declaring the same as “rejects” and the same was sold to the related company UIL. It has been found that the UIL sold the goods at a higher rate. Therefore, the valuation ordered to be done under Rule 7 on the basis of the same cannot be said to be arbitrary and/or illegal. - SC Highlights Central Excise Wed, 26 Jul 2023 15:27:21 +0530 https://www.taxtmi.com/highlights?id=71098