https://www.taxtmi.com/caselaws?id=754396 CESTAT Kolkata held that appellant's transactions with group companies were not with related persons under Central Excise Act Sec.4(3)(b)(i) and (iv), as department failed to establish business interest despite common directors and shareholding. The tribunal found prices charged were transaction values under Sec.4(3)(d) based on prevailing market rates without evidence of influenced pricing. The demand was time-barred as extended limitation period was improperly invoked without proving suppression of facts with intent to evade tax. Appeal allowed, duty demand with interest and penalty set aside. en-us Thu, 21 Mar 2024 00:00:00 +0530 Mon, 24 Jun 2024 08:10:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754396 CESTAT Kolkata held that appellant's transactions with group companies were not with related persons under Central Excise Act Sec.4(3)(b)(i) and (iv), as department failed to establish business interest despite common directors and shareholding. The tribunal found prices charged were transaction values under Sec.4(3)(d) based on prevailing market rates without evidence of influenced pricing. The demand was time-barred as extended limitation period was improperly invoked without proving suppression of facts with intent to evade tax. Appeal allowed, duty demand with interest and penalty set aside. Case-Laws Central Excise Thu, 21 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754396