https://www.taxtmi.com/caselaws?id=470546 Common directorship or an associate relationship does not by itself establish a related-person transaction for central excise valuation. Related-person status requires evidence of mutuality of interest in each other's business, while rejection of declared transaction value also requires proof of flow back or additional consideration affecting price. In the absence of shareholding, subsidiary, professional or other qualifying relationship, and without evidence of extra-commercial consideration in the sale of semi-finished pipes, the Department could not displace valuation under Section 4(1)(a) or invoke Section 4(1)(b) read with Rule 6(b)(ii). The declared sale basis therefore remained applicable. en-us Fri, 16 Jun 2006 00:00:00 +0530 Thu, 30 Jul 2026 17:23:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470546 Common directorship or an associate relationship does not by itself establish a related-person transaction for central excise valuation. Related-person status requires evidence of mutuality of interest in each other's business, while rejection of declared transaction value also requires proof of flow back or additional consideration affecting price. In the absence of shareholding, subsidiary, professional or other qualifying relationship, and without evidence of extra-commercial consideration in the sale of semi-finished pipes, the Department could not displace valuation under Section 4(1)(a) or invoke Section 4(1)(b) read with Rule 6(b)(ii). The declared sale basis therefore remained applicable. Case-Laws Central Excise Fri, 16 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470546