https://www.taxtmi.com/caselaws?id=41012 The Division Bench of the Karnataka High Court modified the single Judge's decision, stating that the observations should not bind the Central Government. The Government determined that the transactions between the petitioner and M/s. Hedge & Golay were not at arm's length, leading to the value being assessed under Section 4(b) of the Central Excises and Salt Act, 1944. The Government emphasized compliance with natural justice principles and remanded the case for a de novo decision by the Assistant Collector of Central Excise, allowing for an appropriate method to determine the assessable value. en-us Mon, 21 Sep 1981 00:00:00 +0530 Wed, 19 May 2010 17:22:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41012 The Division Bench of the Karnataka High Court modified the single Judge's decision, stating that the observations should not bind the Central Government. The Government determined that the transactions between the petitioner and M/s. Hedge & Golay were not at arm's length, leading to the value being assessed under Section 4(b) of the Central Excises and Salt Act, 1944. The Government emphasized compliance with natural justice principles and remanded the case for a de novo decision by the Assistant Collector of Central Excise, allowing for an appropriate method to determine the assessable value. Case-Laws Central Excise Mon, 21 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41012