2024 (9) TMI 1357 - SCH - Central Excise

Valuation - related person - inter-connected undertakings - seller and alleged buyers of the goods are related persons in terms of Section 4(3)(b) of the Central Excise Act or not - mutuality of interest - it was held by CESTAT that 'The transaction value of the goods between respondent and the so-called interconnected undertaking is correct valuation and the same cannot be disturbed, therefore, there are no merits in the appeal of revenue.' HELD THAT - No case is made out to interfere with the impugned judgment and order passed by the Customs, Excise and Service Tax Appellate Tribunal, West Zonal Bench at Ahmedabad. The Civil Appeal is accordingly dismissed.

Summary

The Supreme Court dismissed the Civil Appeal as no case was made out to interfere with the impugned judgment and order passed by the Customs, Excise and Service Tax Appellate Tribunal, West Zonal Bench at Ahmedabad. Delay was condoned. Appellant represented by Ms. Nisha Bagchi and Mr. Gurmeet Singh Makker. Respondent represented by Ms. Charanya Lakshmikumaran, Ms. Apeksha Mehta, Ms. Falguni Gupta, Ms. Neha Choudhary, Ms. Umang Motiyani, and Mr. Ayush Agarwal.