https://www.taxtmi.com/caselaws?id=261382 The court concluded in favor of the petitioner, upholding the Commissioner's order for provisional assessment of excise duty under Rule 7 of the Central Excise Rules, 2002. The respondents were directed to allow clearance of goods on a provisional basis due to the impact of trade discounts on the transaction value. Compliance with the Commissioner's order was mandated, emphasizing the binding nature of circulars issued by the Central Board of Excise and Customs and the need for reasonable exercise of discretion by excise authorities. en-us Fri, 19 Jun 2015 00:00:00 +0530 Wed, 30 Dec 2015 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261382 The court concluded in favor of the petitioner, upholding the Commissioner's order for provisional assessment of excise duty under Rule 7 of the Central Excise Rules, 2002. The respondents were directed to allow clearance of goods on a provisional basis due to the impact of trade discounts on the transaction value. Compliance with the Commissioner's order was mandated, emphasizing the binding nature of circulars issued by the Central Board of Excise and Customs and the need for reasonable exercise of discretion by excise authorities. Case-Laws Central Excise Fri, 19 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261382