M/S Bilag Industries P.Ltd. vs Commr.Of Cen.Exc.Daman

The Supreme Court examined whether the sale price of products by M/s Bilag Industries Ltd. to its buyer should be considered as a transaction with a 'related person' under Section 4(4)(c) of the Central Excise Act, 1944. The court analyzed the relationship between the manufacturer and the buyer, considering the ownership and control factors. The judgment clarified the criteria for determining related-party transactions in the context of excise duty valuation. The court's decision impacts the interpretation of related-party transactions for tax purposes.