Civil Appeal No. 10674 of 2024

COMMR. OF C. EX. & S.T., SILVASSA v. STERLING GENERATORS PVT. LTD.

Date Issued: 20 September 2024
Source: 2025 (391) E.L.T. 170 (S.C.)
Views: 11

Summary

Valuation (Central Excise) - Related persons - Assessee-manufacturer and other buyers are interconnected undertakings in terms of sub-clause (i) of Section 4(3)(b) of Central Excise Act, 1944 - In instant case, Tribunal had held that even if it is accepted that buyers company are interconnected undertaking of assessee company it cannot be treated as related person in terms of Section 4(3)(b) ibid in absence of relationship as specified under sub-clause (ii), (iii) or (iv) thereof; hence transaction value of goods between assessee and so-called interconnected undertaking is correct valuation - On appeal, HELD : There being no ground for interference in impugned order of Tribunal, appeal dismissed - Section 4 of Central Excise Act, 1944. [para 3] Appeal dismissed in favour of assessee Commissioner v. Sterling Generators Pvt. Ltd. — (2024) 22 Centax 568 (Tri. - Ahmd.) — Affirmed [Para 3]