https://www.taxtmi.com/caselaws?id=119010 The Appellate Tribunal CESTAT, Mumbai, allowed the appeal in favor of the Appellant, ruling that prompt payment cash discount is a permissible deduction from the assessable value under Section 4 of the Central Excise Act, 1944. The decision was based on conflicting judgments from the Hon'ble High Court of Bombay and subsequent rulings by the Tribunal and the Supreme Court, permitting the deduction even when the discount was not availed by customers in the transactions at issue. en-us Mon, 16 Jan 2006 00:00:00 +0530 Sat, 07 Jul 2012 13:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119010 The Appellate Tribunal CESTAT, Mumbai, allowed the appeal in favor of the Appellant, ruling that prompt payment cash discount is a permissible deduction from the assessable value under Section 4 of the Central Excise Act, 1944. The decision was based on conflicting judgments from the Hon'ble High Court of Bombay and subsequent rulings by the Tribunal and the Supreme Court, permitting the deduction even when the discount was not availed by customers in the transactions at issue. Case-Laws Central Excise Mon, 16 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119010