https://www.taxtmi.com/caselaws?id=53312 Comparable independent buyer prices may be used to determine assessable value for identical goods cleared to a related unit, and the highest comparable price was accepted on the facts. For goods sold only to the related Nasik unit, cost construction valuation under Rule 6(b)(ii) could include gross profit. Failure to file the required price declaration and disclosure of differential pricing to a related unit was treated as suppression justifying the extended period, and revenue neutrality did not defeat that finding. The corporate penalty was reduced in a valuation dispute, while the personal penalty on the senior finance executive was set aside for lack of evidence. en-us Fri, 24 Sep 2004 00:00:00 +0530 Thu, 06 Jun 2024 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53312 Comparable independent buyer prices may be used to determine assessable value for identical goods cleared to a related unit, and the highest comparable price was accepted on the facts. For goods sold only to the related Nasik unit, cost construction valuation under Rule 6(b)(ii) could include gross profit. Failure to file the required price declaration and disclosure of differential pricing to a related unit was treated as suppression justifying the extended period, and revenue neutrality did not defeat that finding. The corporate penalty was reduced in a valuation dispute, while the personal penalty on the senior finance executive was set aside for lack of evidence. Case-Laws Central Excise Fri, 24 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53312