Commissioner Of Central ... vs M/S Akay Cosmetics Pvt. Ltd

The Supreme Court examined the applicability of Section 4(4)(c) and Section 4(4)(d) of the Central Excise Act, 1944, in determining the assessable value of goods manufactured by M/s Akay Cosmetics Pvt. Ltd. The Court held that since M/s Nemaru was a 'related person', the selling price of M/s Nemaru was to be considered for assessable value, and deductions for costs such as freight and handling charges were not admissible. The Court upheld the Assistant Collector's decision regarding the assessable value and dismissed the appeals filed by the assessee.