Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000

Chapter II

Determination of value

10. When goods sold to Interconnected Undertaking

¹[Where whole or part of the excisable goods are sold by the assessee to or through an inter-connected undertaking, the value of such goods shall be determined in the following manner, namely:-]

(a) If the undertakings are so connected that they are also related in terms of sub-clause (ii) or (iii) or (iv) of clause  

(b) of sub-section (3) of Section 4 of the Act or the buyer is a holding company or subsidiary company of the assessee, then the value shall be determined in the manner prescribed in rule 9.

Explanation-  

In this clause "holding company" and "subsidiary company" shall have the same meanings as in the Companies act, 1956 (1 of 1956).

(b) in any other case, the value shall be determined as if they are not related persons for the purpose of sub-section (1) of section 4.

1 Substituted Vide Notification No. 14/2013-CE (NT) Dated 22/11/2013

Refer Circular No. 975/9/2013-CX Dated 25/11/2013