2015 (1) TMI 464 - SCH - Central Excise

Valuation of goods - Transaction Value - Related Person - Held that - Tribunal has not held that Rule 9 of the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 does not apply but the Tribunal held that both parts of Rule 9 of 2000 Rules are not fully attracted as it is and, accordingly, it considered the matter in light of Rule 11 of 2000 Rules and passed the order 2007 (3) TMI 470 - CESTAT, CHENNAI . - The matters have been decided by the Tribunal on their own facts. No substantial question of law is involved - Decided against Revenue.

Summary

The Supreme Court of India dismissed the civil appeals as no substantial question of law was involved. The Customs, Excise and Service Tax Appellate Tribunal did not fully apply Rule 9 of the Central Excise Valuation Rules but considered Rule 11 and passed the order. The appellant and respondent were represented by respective advocates.