https://www.taxtmi.com/caselaws?id=51281 Related-person valuation under central excise requires proved mutual, direct or indirect, interest in each other's business; shareholding, common directors, trade mark use, technical know-how, exclusive dealing, or marketing support alone do not establish such mutuality where the entities deal on a principal-to-principal basis. On the facts described, the buyer's control through its shareholding and nominees, coupled with comparable sales to independent buyers and mutually agreed prices, supported separate commercial identity, so valuation on the buyer's wholesale price was not justified. The material on clandestine removal of telephone sets required closer factual scrutiny of purchases, sales returns, and stock movement, and the existing record was said to be insufficient for a conclusive finding without fresh examination of the accounts and documents. en-us Wed, 16 Jan 2002 00:00:00 +0530 Thu, 23 Sep 2010 18:18:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51281 Related-person valuation under central excise requires proved mutual, direct or indirect, interest in each other's business; shareholding, common directors, trade mark use, technical know-how, exclusive dealing, or marketing support alone do not establish such mutuality where the entities deal on a principal-to-principal basis. On the facts described, the buyer's control through its shareholding and nominees, coupled with comparable sales to independent buyers and mutually agreed prices, supported separate commercial identity, so valuation on the buyer's wholesale price was not justified. The material on clandestine removal of telephone sets required closer factual scrutiny of purchases, sales returns, and stock movement, and the existing record was said to be insufficient for a conclusive finding without fresh examination of the accounts and documents. Case-Laws Central Excise Wed, 16 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51281