https://www.taxtmi.com/caselaws?id=788083 Rule 8 of the Valuation Rules does not apply where identical goods were cleared both to independent buyers and to sister units; valuation must follow the transaction value under Rule 4, and duty is to be determined on the price realised from independent buyers. Extended period under the proviso requires proof of suppression or wilful misstatement, and absence of mens rea together with availability of cenvat credit to the receiving unit negates extended limitation and penalty. Consequently the demands of duty and penalty were unsustainable and the appeal was allowed in favour of the assessee. en-us Wed, 11 Mar 2026 00:00:00 +0530 Tue, 17 Mar 2026 08:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788083 Rule 8 of the Valuation Rules does not apply where identical goods were cleared both to independent buyers and to sister units; valuation must follow the transaction value under Rule 4, and duty is to be determined on the price realised from independent buyers. Extended period under the proviso requires proof of suppression or wilful misstatement, and absence of mens rea together with availability of cenvat credit to the receiving unit negates extended limitation and penalty. Consequently the demands of duty and penalty were unsustainable and the appeal was allowed in favour of the assessee. Case-Laws Central Excise Wed, 11 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788083