Alembic Glass Industries Limited vs Collector Of Central Excise & Customs

The Supreme Court upheld the tribunal's decision that Alembic Chemical Works Company Limited was a 'related person' under Section 4(4)(c) of the Central Excise Act, due to mutual shareholding and common management. The Court clarified that the valuation of excisable goods for excise duty purposes must consider relationships between companies, particularly when they have shared interests and management. The ruling confirmed that the price at which goods are sold to related persons can be adjusted for excise duty valuation, affirming the tribunal's findings without any infirmity.