https://www.taxtmi.com/caselaws?id=221684 The Tribunal ruled in favor of the Appellant in a dispute over the admissibility of trade discounts under the Central Excise Tariff Act. The Tribunal held that discounts need not necessarily be passed on to buyers at the time of clearance, contrary to the Department's contention. Citing a Supreme Court judgment, the Tribunal emphasized that trade discounts should be permitted if known at or before the removal of goods, regardless of when they are payable. The Tribunal set aside the duty demand and penalties imposed, allowing the appeal and supporting the Appellant's position regarding the treatment of trade discounts in excise duty calculations. en-us Tue, 03 Jul 2012 00:00:00 +0530 Mon, 25 Mar 2013 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221684 The Tribunal ruled in favor of the Appellant in a dispute over the admissibility of trade discounts under the Central Excise Tariff Act. The Tribunal held that discounts need not necessarily be passed on to buyers at the time of clearance, contrary to the Department's contention. Citing a Supreme Court judgment, the Tribunal emphasized that trade discounts should be permitted if known at or before the removal of goods, regardless of when they are payable. The Tribunal set aside the duty demand and penalties imposed, allowing the appeal and supporting the Appellant's position regarding the treatment of trade discounts in excise duty calculations. Case-Laws Central Excise Tue, 03 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221684