Excise Duty Demand Quashed Due to Failure to Prove Price Influence in Related Party Sales

Kannappan Iron and Steel Co. Pvt Ltd Vs Commissioner of GST and Central Excise (CESTAT Chennai) The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai, allowed an appeal challenging a demand of differential central excise duty, interest, and penalty arising from rejection of transaction value in sales to related parties. The adjudicating authority had confirmed a demand of ₹30,61,199 by rejecting the transaction value for clearances made to certain entities treated as related persons under Section 4 of the Central Excise Act, 1944, and re-determined the assessable value und...