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Central Excise - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Valuation - Related Person - Although a company, Partnership ...


Three Companies Deemed "Related Persons" u/s 4(3)(b) Due to Management by Clause Relatives for Excise Valuation.

June 20, 2018

Case Laws     Central Excise     AT

Valuation - Related Person - Although a company, Partnership firm, Body Corporate, HUF, trust cannot be a relative of the others, but since the three companies in the present case are run/ managed by clause relatives, therefore the concept of “Related Person” of Clause of Section 4 (3)(b) is satisfied.

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