https://www.taxtmi.com/caselaws?id=34723 For clearances of petroleum products to a related or interconnected undertaking, valuation must be determined under the special related-person valuation provisions, not by reopening assessable value through a comparison of the refinery transfer price with the buyer's resale price. The text states that duty had already been paid in accordance with the applicable valuation rules, and that no further demand could be sustained merely because the related buyer resold the goods at a lower price. It therefore treats a differential duty demand based only on resale-price comparison as lacking legal basis under Section 4(1)(b) of the Central Excise Act, 1944 read with Rules 9 and 10(a) of the Central Excise Valuation Rules, 2000. en-us Wed, 25 Mar 2009 00:00:00 +0530 Tue, 13 Oct 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34723 For clearances of petroleum products to a related or interconnected undertaking, valuation must be determined under the special related-person valuation provisions, not by reopening assessable value through a comparison of the refinery transfer price with the buyer's resale price. The text states that duty had already been paid in accordance with the applicable valuation rules, and that no further demand could be sustained merely because the related buyer resold the goods at a lower price. It therefore treats a differential duty demand based only on resale-price comparison as lacking legal basis under Section 4(1)(b) of the Central Excise Act, 1944 read with Rules 9 and 10(a) of the Central Excise Valuation Rules, 2000. Case-Laws Central Excise Wed, 25 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34723