Commissioner Of Central ... vs M/S Akay Cosmetics (P) Ltd

The Supreme Court dismissed the appeal filed by the revenue under Section 35-L(b) of the Central Excise Act, 1944, challenging the tribunal's decision to remand the matter regarding the valuation of goods and the question of 'related person' under Section 4(4)(c) for the period 4/91 to 3/93. The Court upheld the tribunal's earlier ruling that allowed deductions for certain expenditures and confirmed that M/s Akay Cosmetics (P) Ltd. and M/s Nemaru were not related persons post 1.4.1991. The appeal was dismissed with no order as to costs.