https://www.taxtmi.com/caselaws?id=215455 Refund of excise duty on post-clearance price reduction is not maintainable unless the clearances were made under provisional assessment in accordance with the prescribed procedure. Where the goods were finally assessed and no provisional assessment order or factual basis existed, later reduction of the contract price could not justify adjustment of duty already paid. The Tribunal applied this settled principle and held that the refund claim was unsustainable. The lower authority's allowance of refund was therefore set aside, with the issue decided against the assessee and in favour of Revenue. en-us Mon, 30 Jan 2012 00:00:00 +0530 Thu, 07 Nov 2013 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215455 Refund of excise duty on post-clearance price reduction is not maintainable unless the clearances were made under provisional assessment in accordance with the prescribed procedure. Where the goods were finally assessed and no provisional assessment order or factual basis existed, later reduction of the contract price could not justify adjustment of duty already paid. The Tribunal applied this settled principle and held that the refund claim was unsustainable. The lower authority's allowance of refund was therefore set aside, with the issue decided against the assessee and in favour of Revenue. Case-Laws Central Excise Mon, 30 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215455