https://www.taxtmi.com/caselaws?id=447060 The Tribunal allowed the appeal concerning the valuation of goods sold to sister concerns and independent buyers. It set aside the impugned order and revoked penalties against the Appellant. The decision was based on the interpretation of valuation rules, favoring Rule 4 over Rule 8 for goods transferred to sister units when independent sales are involved. The Tribunal aligned its decision with the Larger Bench ruling and the Gujarat HC decision, granting the Appellant any consequential benefits according to the law. en-us Mon, 04 Dec 2023 00:00:00 +0530 Mon, 18 Dec 2023 09:06:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447060 The Tribunal allowed the appeal concerning the valuation of goods sold to sister concerns and independent buyers. It set aside the impugned order and revoked penalties against the Appellant. The decision was based on the interpretation of valuation rules, favoring Rule 4 over Rule 8 for goods transferred to sister units when independent sales are involved. The Tribunal aligned its decision with the Larger Bench ruling and the Gujarat HC decision, granting the Appellant any consequential benefits according to the law. Case-Laws Central Excise Mon, 04 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447060