Collector Of Central Excise, Ahmedabad vs I.T.E.C.(P) Ltd., Bombay

The case involves a dispute over the application of Rule 9(2) of the Central Excise Rules regarding the valuation of goods sold to a related person. The Revenue contended that the respondent-assessee understated the value of projectors sold to M/s. International Talkie Equipment Co. Pvt. Ltd. to avoid higher excise duty. The core issue is whether the transaction between related parties warrants a duty adjustment based on values fetched from independent buyers.