https://www.taxtmi.com/caselaws?id=756557 Excise valuation based on related-person or inter-connected-undertaking allegations requires proof of mutuality of interest and, where necessary, a depressed price arising from extra-commercial considerations; mere common shareholding, common directors, or exclusive sales to the buyer are insufficient. On the facts, the Department failed to establish the statutory relationship or lower-than-market pricing, so the valuation demand was unsustainable. The proceedings were also revenue neutral because duty, if paid, would have been available as refund or related relief, and there was no proof of suppression, mis-declaration, or intent to evade. Accordingly, the extended period of limitation and penalty could not be invoked. en-us Fri, 02 Aug 2024 00:00:00 +0530 Tue, 06 Aug 2024 07:49:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756557 Excise valuation based on related-person or inter-connected-undertaking allegations requires proof of mutuality of interest and, where necessary, a depressed price arising from extra-commercial considerations; mere common shareholding, common directors, or exclusive sales to the buyer are insufficient. On the facts, the Department failed to establish the statutory relationship or lower-than-market pricing, so the valuation demand was unsustainable. The proceedings were also revenue neutral because duty, if paid, would have been available as refund or related relief, and there was no proof of suppression, mis-declaration, or intent to evade. Accordingly, the extended period of limitation and penalty could not be invoked. Case-Laws Central Excise Fri, 02 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756557