https://www.taxtmi.com/caselaws?id=52268 Mutual interest in each other's business is required to treat a manufacturer and a marketing company as related persons under Section 4 of the Central Excise valuation rules. The Tribunal applied Supreme Court authority to hold that shareholding alone, even at 50%, common directors, exclusive sales through one buyer, or transfer of marketing infrastructure do not by themselves establish the statutory relationship. On the material before it, the resale price charged by the marketing company could not be adopted as the assessable value, and the demand and penalty based on related-person valuation were set aside. en-us Thu, 01 May 2003 00:00:00 +0530 Mon, 04 Oct 2010 16:17:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52268 Mutual interest in each other's business is required to treat a manufacturer and a marketing company as related persons under Section 4 of the Central Excise valuation rules. The Tribunal applied Supreme Court authority to hold that shareholding alone, even at 50%, common directors, exclusive sales through one buyer, or transfer of marketing infrastructure do not by themselves establish the statutory relationship. On the material before it, the resale price charged by the marketing company could not be adopted as the assessable value, and the demand and penalty based on related-person valuation were set aside. Case-Laws Central Excise Thu, 01 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52268