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of <h1>Appellate Tribunal allows appeal on cash discount deduction, remands case for fresh decision.</h1> <h3>AKAL SPRINGS PVT. LTD. Versus COLLECTOR OF CENTRAL EXCISE, CHANDIGARH</h3> The Appellate Tribunal CEGAT allowed the appeal of motor vehicle parts manufacturers regarding the deduction of 8% cash discount. The case was remanded ... Valuation The Appellate Tribunal CEGAT, New Delhi allowed the appeal of motor vehicle parts manufacturers regarding the deduction of 8% cash discount offered to customers making advance payments or with cash credit balance. The Tribunal remanded the case to the Assistant Commissioner for a fresh decision after considering the principles laid down by the Supreme Court in Metal Box India Ltd. v. Collector of Central Excise, Madras. The appellant was directed to provide a copy of the circular mentioned in their reply to the show cause notice.
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