CBEC Circular on Valuation in case of Sale of Goods Partly to Related and Independent Parties Not Violative of Central Excise Laws: Supreme Court [Read Order]

By Taxscan Team - On December 6, 2022 1:20 pm - 2 mins read
CBEC - CBEC Circular - Central Excise Laws - Central Excise - Excise - Law - Supreme Court - taxscan

The Supreme Court, on Monday upheld the validity of the circular issued by the Central Board of Excise and Customs (CBEC), now CBIC, and held that the circular dated 1.7.2002 regarding valuation of when goods which are sold partly to related persons and partly to independent buyers, is not violative of the Central Excise Act…

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