https://www.taxtmi.com/caselaws?id=792381 Valuation under Central Excise turns on whether the buyer and seller are legally "related persons" within Section 4(3)(b)(ii) of the Central Excise Act, read with the Companies Act definition of "relative". The analysis notes that the statutory concept of relative is framed for natural persons and does not extend to treating a private company or partnership concern as a relative in that sense. It also states that Rule 9 of the Central Excise Valuation Rules, 2000 applies only where goods are cleared through a related marketing concern, which was not established here because sales were also made to Government departments and for export. On that reasoning, the undervaluation basis and consequential duty, interest, and penalties were unsustainable. en-us Mon, 25 May 2026 00:00:00 +0530 Thu, 28 May 2026 08:21:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792381 Valuation under Central Excise turns on whether the buyer and seller are legally "related persons" within Section 4(3)(b)(ii) of the Central Excise Act, read with the Companies Act definition of "relative". The analysis notes that the statutory concept of relative is framed for natural persons and does not extend to treating a private company or partnership concern as a relative in that sense. It also states that Rule 9 of the Central Excise Valuation Rules, 2000 applies only where goods are cleared through a related marketing concern, which was not established here because sales were also made to Government departments and for export. On that reasoning, the undervaluation basis and consequential duty, interest, and penalties were unsustainable. Case-Laws Central Excise Mon, 25 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792381