https://www.taxtmi.com/caselaws?id=41764 The Supreme Court clarified the interpretation of the definition of 'related person' in the Central Excises & Salt Act, 1944, in a case involving M/s. Alok Textiles. The Court ruled that M/s. Alok Textiles could not be classified as a 'related person' for excise duty valuation purposes. It held that the wholesale cash price at which goods were sold to various wholesale dealers, including M/s. Alok Textiles, should be considered for excise duty valuation. The Court also determined that post-manufacturing expenses and profits should not be included in the valuation of excisable goods. The appeal was partly allowed, directing a fresh assessment based on the wholesale cash price within six weeks. en-us Thu, 03 Apr 1986 00:00:00 +0530 Wed, 30 Jul 2014 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41764 The Supreme Court clarified the interpretation of the definition of 'related person' in the Central Excises & Salt Act, 1944, in a case involving M/s. Alok Textiles. The Court ruled that M/s. Alok Textiles could not be classified as a 'related person' for excise duty valuation purposes. It held that the wholesale cash price at which goods were sold to various wholesale dealers, including M/s. Alok Textiles, should be considered for excise duty valuation. The Court also determined that post-manufacturing expenses and profits should not be included in the valuation of excisable goods. The appeal was partly allowed, directing a fresh assessment based on the wholesale cash price within six weeks. Case-Laws Central Excise Thu, 03 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41764