9911796707
TMI Blog2016 (12) TMI 775X X X X Extracts X X X X X X X X Extracts X X X X ..... on) Rules 2000, was applied - Rule 9 requires that the value of related party transactions shall be determined in the manner prescribed by that Rule, which requires that reasonable means consistent with the principles and general provisions of valuation rules read with section 4(1) of the Central Excise Act, 1944 is to be followed. Held that: - In view of the application of Rule 9, the adjudic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 40447/2014 - FINAL ORDER No. 41607/2016 - Dated:- 19-9-2016 - Shri D.N. Panda, Judicial Member and Shri Madhu Mohan Damodhar, Technical Member Shri S. Muthuvenkataraman, Advocate For the applicant Shri A. Cletus, ADC (AR) For the respondent ORDER There is no dispute by the appellant that the transactions made by it during the impugned period were with its related p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ers, to buyers (being related person), who sells such goods in retail : Provided that in a case where the related person does not sell the goods but uses or consumes such goods in the production or manufacture of articles, the value shall be determined in the manner specified in rule 8. 2. Rule 9 requires that the value of related party transactions shall be determined in the manner pres ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ass a reasoned and speaking order within three months of the last date of hearing. He shall expressly record in his order that the rule he applies for valuation is consistent with the principles of law laid down in the valuation Rules. 5. Appellant at this stage says that there is a quantification error in the impugned order proposed to be remanded. We make it clear that any discrepancy po ..... X X X X Extracts X X X X X X X X Extracts X X X X
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