Valuation of alleged Clandestinely removed Goods b/w related buyers cannot be based on Transaction Value b/w Unrelated Buyers: CESTAT [Read Order]
The Tribunal emphasized that Rule 8 is applicable only when goods are not sold but captively consumed or exclusively transferred to related entities for subsequent manufacture
In a recent ruling, the Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) held that valuation of goods alleged to be clandestinely removed to related parties cannot be based on the transaction value of sales made to unrelated buyers. The decision was rendered by the CESTAT while jointly disposing off multiple…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
