2024 (1) TMI 718

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nt Shri P. Ganesan , Superintendent ( AR ) for the Respondent ORDER RAMESH NAIR The appellant are engaged in manufacture of Bare Copper Wire, bare Copper Strips, Enameled/ Winding Copper Wire falling under Chapter sub heading No. 7408.19, 7409.10 and 8544.90 respectively. During the course of auditing the records of the assessee by the Central Excise Audit Officer, under EA - 2000 audit, it wa....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tion in relation to the manufacture of other excisable goods. 1.2 The case of the department is that since the buyer is a related parties, valuation of the goods cleared by them should be made in terms of Rule 8 read with Rule 9 of Central Excise Valuation Rules, 2000. The revenue also referred to Circular No. 643/34/2002- CX dated 01.07.2002 regarding valuation of goods at 110% / 115% of the cos....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hed and no allegation in the show cause notice that under which provision the appellant and buyers are related persons. He further submits that the appellant is a public limited company and buyer is a private limited company. Merely because both the companies belong to a group of companies it does not mean that the appellant and buyers are related persons. Therefore, there is no basis in confirmat....