2025 (2) TMI 589 - SCH - Central Excise

Valuation of goods cleared by the appellant - related persons under Section 4(3)(b) of the Central Excise Act 1944 - Applicability of Rule 9 read with Rule 8 of the Central Excise Valuation (Determination of Price of Excisable Goods) Rules 2000 - it was held by Tribunal that the party i.e. M/s Denso India Ltd. Ms Maruti Udyog Ltd. are inter-connected undertakings and have mutual business interest and therefore they qualify as related parties / related person under Section 4(3)(b) of the Central Excises and Salt Act 1944. HELD THAT - There are no reason to interfere with the impugned order dated 05-08-2024 passed by the Customs Excise and Service Tax Appellate Tribunal Allahabad. Appeal dismissed.

Summary

The Supreme Court, with Hon'ble Justices J. B. Pardiwala and R. Mahadevan presiding, has dismissed the Civil Appeal, finding no grounds to overturn the Customs, Excise, and Service Tax Appellate Tribunal's order dated 05-08-2024. The delay has been condoned, and any pending applications have been disposed of.