https://www.taxtmi.com/caselaws?id=75552 The Tribunal held that discounts retained by the bank and not passed on to manufacturers/sellers are not to be included in the assessable value of excisable goods. The decision, referencing a similar case, clarified that such discounts are akin to interest received by the bank, not commission. This ruling ensures consistency in interpreting discount transactions involving excisable goods, aligning with established legal precedents and promoting uniform application of the law in similar cases. en-us Tue, 18 Aug 2009 00:00:00 +0530 Fri, 23 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75552 The Tribunal held that discounts retained by the bank and not passed on to manufacturers/sellers are not to be included in the assessable value of excisable goods. The decision, referencing a similar case, clarified that such discounts are akin to interest received by the bank, not commission. This ruling ensures consistency in interpreting discount transactions involving excisable goods, aligning with established legal precedents and promoting uniform application of the law in similar cases. Case-Laws Central Excise Tue, 18 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75552