https://www.taxtmi.com/caselaws?id=1369 The Tribunal ruled in favor of the appellant, a corrugated boxes/tubes manufacturer, in a case concerning alleged excess Modvat/Cenvat credit due to trade discounts. The Commissioner's decision to deny credit and impose penalties was overturned. The Tribunal held that the appellant correctly availed credit based on duty amounts, and trade discounts did not impact assessable value or duty paid. It was determined that no revenue loss occurred, and the demand for credit reversal by the department was deemed unjustified. The appellant's appeal was allowed, with orders for credit reversal set aside. en-us Tue, 07 Nov 2006 00:00:00 +0530 Mon, 14 Apr 2008 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1369 The Tribunal ruled in favor of the appellant, a corrugated boxes/tubes manufacturer, in a case concerning alleged excess Modvat/Cenvat credit due to trade discounts. The Commissioner's decision to deny credit and impose penalties was overturned. The Tribunal held that the appellant correctly availed credit based on duty amounts, and trade discounts did not impact assessable value or duty paid. It was determined that no revenue loss occurred, and the demand for credit reversal by the department was deemed unjustified. The appellant's appeal was allowed, with orders for credit reversal set aside. Case-Laws Central Excise Tue, 07 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1369