https://www.taxtmi.com/caselaws?id=42673 The Supreme Court set aside the Assistant Collector's order deeming the petitioners and M/s. Modi Rubber Ltd. as related persons under Section 4(4)(c) of the Central Excises and Salt Act, 1944. The Court emphasized the lack of mutual business interest and independent manufacturing process, ruling in favor of the petitioners. The decision clarified the criteria for determining related persons, highlighting the importance of mutual business interest and independent valuation for excise duty purposes. The petitioners maintained their exemption under Notification No. 65/81, and costs were awarded in their favor. en-us Mon, 11 Dec 1989 00:00:00 +0530 Sat, 12 Jun 2010 15:45:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42673 The Supreme Court set aside the Assistant Collector's order deeming the petitioners and M/s. Modi Rubber Ltd. as related persons under Section 4(4)(c) of the Central Excises and Salt Act, 1944. The Court emphasized the lack of mutual business interest and independent manufacturing process, ruling in favor of the petitioners. The decision clarified the criteria for determining related persons, highlighting the importance of mutual business interest and independent valuation for excise duty purposes. The petitioners maintained their exemption under Notification No. 65/81, and costs were awarded in their favor. Case-Laws Central Excise Mon, 11 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42673