Rule 10 - Sale through related person being interconnected undertaking - Central Excise Valuation (Determination of Price of Excisable goods) Rules, 2000

10. 1 [Where whole or part of the excisable goods are sold by the assessee to or through an inter-connected undertaking, the value of such goods shall be determined in the following manner, namely:- ] (a) If the undertakings are so connected that they are also related in terms of sub-clause (ii) or (iii) or (iv) of clause (b) of sub-section (3) of Section 4 of the Act or the buyer is a holding company or subsidiary company of the assessee, then the value shall be detemined in the manner prescribed in rule 9. Explanation - In this clause "holding company" and "subsidiary company" shall have the sam meanings as in the Companies act, 1956 (1 of 1956). (b) in any other case, the value shall be detemined as if they are not related persons for the purpose of sub-section (1) of section 4. ------------------ Notes:- 1. Substituted vide NOTIFICATION No 14/2013 Central Excise ( N.T.) dated November 22, 2013 w.e.f. 1st day of December, 2013 , before it was read as, When the assessee so arranges that the excisable goods are not sold by him except to or through an inter-connected undertaking, the value of goods shall be determined in the following manner, namely:-