https://www.taxtmi.com/caselaws?id=117658 The appellant, a bicycle manufacturer, sought a refund of Central Excise duty due to a buyer's rejection of higher invoiced prices, leading to reduced prices and credit notes issued. The impugned order denied the refund, citing precedent that credit notes are insufficient for refund claims. The Tribunal emphasized the necessity of verifying the actual transaction details to ascertain if the refund claim was justified. The decision stressed the importance of confirming the actual transaction prices before granting a refund based on non-acceptance of higher invoiced prices. Consequently, the appeal was remanded for further examination and verification of facts. en-us Wed, 08 Feb 2006 00:00:00 +0530 Mon, 25 Jun 2012 16:16:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117658 The appellant, a bicycle manufacturer, sought a refund of Central Excise duty due to a buyer's rejection of higher invoiced prices, leading to reduced prices and credit notes issued. The impugned order denied the refund, citing precedent that credit notes are insufficient for refund claims. The Tribunal emphasized the necessity of verifying the actual transaction details to ascertain if the refund claim was justified. The decision stressed the importance of confirming the actual transaction prices before granting a refund based on non-acceptance of higher invoiced prices. Consequently, the appeal was remanded for further examination and verification of facts. Case-Laws Central Excise Wed, 08 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117658