https://www.taxtmi.com/caselaws?id=764243 The CESTAT Ahmedabad held that when goods are sold to both related and unrelated parties, valuation should be governed by Rule 4 rather than Rule 8 of Central Excise Valuation Rules, 2000. The appellant correctly applied transaction value charged to unrelated buyers for clearances to related parties. Following the precedent in ISPAT INDUSTRIES LTD., the tribunal ruled Rule 4 takes precedence over Rule 8 as it better aligns with Section 4 of Central Excise Act, 1944. Consequently, the duty demand of Rs. 5,36,540/- was set aside, and personal penalties under Rule 26 were also quashed. Appeal allowed in part. en-us Wed, 11 Dec 2024 00:00:00 +0530 Tue, 07 Jan 2025 07:56:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764243 The CESTAT Ahmedabad held that when goods are sold to both related and unrelated parties, valuation should be governed by Rule 4 rather than Rule 8 of Central Excise Valuation Rules, 2000. The appellant correctly applied transaction value charged to unrelated buyers for clearances to related parties. Following the precedent in ISPAT INDUSTRIES LTD., the tribunal ruled Rule 4 takes precedence over Rule 8 as it better aligns with Section 4 of Central Excise Act, 1944. Consequently, the duty demand of Rs. 5,36,540/- was set aside, and personal penalties under Rule 26 were also quashed. Appeal allowed in part. Case-Laws Central Excise Wed, 11 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764243