https://www.taxtmi.com/caselaws?id=460756 CESTAT Allahabad ruled in favor of appellant regarding valuation of goods cleared to related persons under Central Excise Act, 1944. The tribunal held that Rule 9 of Valuation Rules, 2000 applies only when assessee sells entire goods through related persons exclusively. Since appellant sold goods to both related and unrelated buyers, Rule 9 was inapplicable. The tribunal found no legal provision supporting revenue's method of adding 10% notional profit to transaction value under Section 4(1)(a) or Section 4A. Despite acknowledging parties as interconnected undertakings qualifying as related persons under Section 4(3)(b), the impugned order was set aside and appeal allowed. en-us Mon, 05 Aug 2024 00:00:00 +0530 Sat, 15 Feb 2025 12:29:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460756 CESTAT Allahabad ruled in favor of appellant regarding valuation of goods cleared to related persons under Central Excise Act, 1944. The tribunal held that Rule 9 of Valuation Rules, 2000 applies only when assessee sells entire goods through related persons exclusively. Since appellant sold goods to both related and unrelated buyers, Rule 9 was inapplicable. The tribunal found no legal provision supporting revenue's method of adding 10% notional profit to transaction value under Section 4(1)(a) or Section 4A. Despite acknowledging parties as interconnected undertakings qualifying as related persons under Section 4(3)(b), the impugned order was set aside and appeal allowed. Case-Laws Central Excise Mon, 05 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460756