CESTAT explains related person & inter-connected undertakings for Central Excise Valuation rules

Khyati Ispat Private Limited Vs Principal Commissioner (CESTAT Delhi)

The facts of the case, in brief, are that M/s Khyati Ispat Pvt. Ltd., Raipur³, is a private limited company engaged in manufacture of Iron and Steel products, such as, angles, channels & joists falling under Chapter 72 of Schedule II to the Central Excise Tariff Act, 1985. During audit, it was observed that it had cleared MS Angles and MS Channels to M/s Ashutosh Engineering Industries, Raipur which is a subsidiary of M/s Ashutosh Structures

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