2014 (6) TMI 547

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..... nits is either at par or more than the price at which goods are sold to independent buyers. We note that the provision of Rules 8 and 10 of Valuation Rules are applicable when the entire production is being sold to the related persons. Inasmuch as the price at which ingots are also being sold to independent wholesale buyers is available, the same is required to be adopted for the purpose of sale t .....

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..... red to be arrived at in terms of Rules 8 and 10 of Valuation Rules, i.e., at the rate of 110% of cost of production. 2. After hearing both the sides, we find that the appellants are also selling the ingots to independent buyers. The price at which the goods are being sold to the so called related units is either at par or more than the price at which goods are sold to independent buyers. We not .....

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