2016 (9) TMI 1268

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....R. For the Respondent: Mr.Alok Arora, Advocate JUDGEMENT PER: B.RAVICHANDRAN The appeal is directed against the order dated 12.04.2007 of Commissioner of Central Excise, Meerut-I. The respondents are engaged in the manufacture of MS ingots liable to Central Excise duty. They were clearing the final products to various buyers including M/s. Tehri Steel Ltd., Dhalwala, Rishikesh. The Revenue e....

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....of the respondent company are also Directors of M/s. Tehri Steel Ltd. This is the only ground on which the Revenue proceeded to consider both the units as related parties for the purpose of Central Excise Valuation. He further submitted that there is no legal justification for treating two independent legal entities as related persons in the absence of any of the ingredient required for such treat....