CBEC Circular related to valuation of goods sold to independent and related parties is not violative of central excise laws

Commissioner of Central Excise Vs Merino Panel Product Ltd (Supreme Court of India) The Supreme Court of India (“the Supreme Court”) in the case of Commissioner of Central Excise & Service Tax v. Merino Panel Product Ltd [Civil Appeal No. 6891 OF 2018 dated December 5, 2022] held that the Circular No. 643/34/2002-CX  (“Circular”) dated July 1, 2002, issued by the Central Board of Excise and Customs (“CBEC”) clarifying the doubts regarding Valuation Rules with respect to  goods when  sold partly to related persons and partly to independent buyers, is not violative of the Cent...