https://www.taxtmi.com/caselaws?id=86683 Amounts collected from industrial consumers under a modernisation and renovation surcharge scheme were not deductible from assessable value as a trade discount or rebate under Section 4 of the Central Excises Act, 1944. The collection was treated as a borrowing arrangement for a specified purpose, with repayment contemplated later, and the later return of the amount was only repayment of an earlier collection. Payment of duty on the amount in the earlier year did not create any right to deduction in the later year, so the abatement claim failed. en-us Fri, 02 May 1997 00:00:00 +0530 Fri, 26 Aug 2011 15:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86683 Amounts collected from industrial consumers under a modernisation and renovation surcharge scheme were not deductible from assessable value as a trade discount or rebate under Section 4 of the Central Excises Act, 1944. The collection was treated as a borrowing arrangement for a specified purpose, with repayment contemplated later, and the later return of the amount was only repayment of an earlier collection. Payment of duty on the amount in the earlier year did not create any right to deduction in the later year, so the abatement claim failed. Case-Laws Central Excise Fri, 02 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86683