https://www.taxtmi.com/caselaws?id=445718 CESTAT Ahmedabad dismissed revenue's appeal regarding valuation of goods sold between related parties. The tribunal held that parties were interconnected undertakings under Section 4(3)(b)(i) of Central Excise Act but not related persons under sub-clauses (ii), (iii), or (iv). Revenue failed to establish mutuality of interest or other prescribed relationships beyond interconnected undertaking status. Show cause notice only alleged relationships under sub-clauses (i) and (iv), making revenue's arguments regarding other sub-clauses beyond scope. Transaction value between parties was upheld as correct valuation. en-us Thu, 16 Nov 2023 00:00:00 +0530 Fri, 17 Nov 2023 21:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445718 CESTAT Ahmedabad dismissed revenue's appeal regarding valuation of goods sold between related parties. The tribunal held that parties were interconnected undertakings under Section 4(3)(b)(i) of Central Excise Act but not related persons under sub-clauses (ii), (iii), or (iv). Revenue failed to establish mutuality of interest or other prescribed relationships beyond interconnected undertaking status. Show cause notice only alleged relationships under sub-clauses (i) and (iv), making revenue's arguments regarding other sub-clauses beyond scope. Transaction value between parties was upheld as correct valuation. Case-Laws Central Excise Thu, 16 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445718