https://www.taxtmi.com/caselaws?id=1133 The appellate tribunal set aside the original order and the Ld. Commissioner's decision, ruling in favor of the appellants in a case concerning the reversal of excess modvat/cenvat credit due to trade discounts. The tribunal found that the appellants had correctly availed cenvat credit based on the duty amount mentioned in the supplier's Central Excise invoice, emphasizing that trade discounts do not affect duty payment if given after clearance and without reducing assessable value. The tribunal concluded that the demand for credit reversal and penalties imposed were unsustainable, highlighting the importance of adhering to trade practices and mutual agreements in determining duty payment correctness. en-us Tue, 07 Nov 2006 00:00:00 +0530 Mon, 14 Apr 2008 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1133 The appellate tribunal set aside the original order and the Ld. Commissioner's decision, ruling in favor of the appellants in a case concerning the reversal of excess modvat/cenvat credit due to trade discounts. The tribunal found that the appellants had correctly availed cenvat credit based on the duty amount mentioned in the supplier's Central Excise invoice, emphasizing that trade discounts do not affect duty payment if given after clearance and without reducing assessable value. The tribunal concluded that the demand for credit reversal and penalties imposed were unsustainable, highlighting the importance of adhering to trade practices and mutual agreements in determining duty payment correctness. Case-Laws Central Excise Tue, 07 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1133