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Central Excise - Highlights / Catch Notes

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Valuation - related party transaction - inter-connected ...


Valuation of Related Party Transactions Under Central Excise Law: Balance Sheet Entries Don't Establish Liability.

April 30, 2019

Case Laws     Central Excise     AT

Valuation - related party transaction - inter-connected undertakings - Once law falsifies the liability of appellant in given circumstances, mere mention by appellant in its record that too in balance sheet only will not create any liability.

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