https://www.taxtmi.com/caselaws?id=46252 SC held the two public companies were not related persons: mere shareholding or common directors does not by itself create an interest in the other company's business. Consequently, the alleged transfer price did not require a markup for excise valuation. The appeal was allowed, the Revenue must refund the deposit paid towards duty to the assessee, and the bank guarantee for the balance is discharged. en-us Thu, 11 Apr 2002 00:00:00 +0530 Wed, 01 Oct 2025 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46252 SC held the two public companies were not related persons: mere shareholding or common directors does not by itself create an interest in the other company's business. Consequently, the alleged transfer price did not require a markup for excise valuation. The appeal was allowed, the Revenue must refund the deposit paid towards duty to the assessee, and the bank guarantee for the balance is discharged. Case-Laws Central Excise Thu, 11 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46252