Adjudicating Authority Misinterprets Board Circular on Valuation Method; Rule 9 Inapplicable, Use Residuary Rule 11 for Excise. https://www.taxtmi.com/highlights?id=71297 Method of valuation - It is observed that the adjudicating authority has wrongly interpreted the Board Circular. As per the Circular, when there is independent sale along with sale to ‘related persons’, Rule 9 is not applicable and recourse will have to be taken to the residuary Rule 11. - AT en-us Fri, 04 Aug 2023 07:48:16 +0530 Fri, 04 Aug 2023 07:48:16 +0530 TaxTMI RSS Generator Adjudicating Authority Misinterprets Board Circular on Valuation Method; Rule 9 Inapplicable, Use Residuary Rule 11 for Excise. https://www.taxtmi.com/highlights?id=71297 Method of valuation - It is observed that the adjudicating authority has wrongly interpreted the Board Circular. As per the Circular, when there is independent sale along with sale to ‘related persons’, Rule 9 is not applicable and recourse will have to be taken to the residuary Rule 11. - AT Highlights Central Excise Fri, 04 Aug 2023 07:48:16 +0530 https://www.taxtmi.com/highlights?id=71297