https://www.taxtmi.com/caselaws?id=441202 Where identical goods are sold both to related persons and to independent buyers at the same price, valuation of related-party clearances is not to be fixed mechanically under Rule 9 on a cost-plus basis. The residuary Rule 11, read with Section 4 of the Central Excise Act, 1944, applies and the assessable value may be determined by reference to the normal price or transaction value of independent sales. Adoption of 110% of cost of production was found incorrect where independent sales provided the proper benchmark, and the differential duty demand based on cost valuation was set aside. en-us Mon, 12 Jun 2023 00:00:00 +0530 Thu, 03 Aug 2023 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441202 Where identical goods are sold both to related persons and to independent buyers at the same price, valuation of related-party clearances is not to be fixed mechanically under Rule 9 on a cost-plus basis. The residuary Rule 11, read with Section 4 of the Central Excise Act, 1944, applies and the assessable value may be determined by reference to the normal price or transaction value of independent sales. Adoption of 110% of cost of production was found incorrect where independent sales provided the proper benchmark, and the differential duty demand based on cost valuation was set aside. Case-Laws Central Excise Mon, 12 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441202