https://www.taxtmi.com/caselaws?id=176757 The Tribunal partially allowed the appeal, upholding the excise duty on the 2% margin deduction communicated to wholesale buyers uniformly across India. They held that the margin formed part of the wholesale price, not affecting the assessable value, but once debit notes were issued, the amount became recoverable and subject to excise duty. The Tribunal emphasized that excise duty is chargeable on the wholesale price, not the retail price, as per the Central Excise Valuation Rules, clarifying the treatment of the margin deduction in the assessable value. en-us Mon, 27 Apr 2015 00:00:00 +0530 Mon, 28 Dec 2015 21:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176757 The Tribunal partially allowed the appeal, upholding the excise duty on the 2% margin deduction communicated to wholesale buyers uniformly across India. They held that the margin formed part of the wholesale price, not affecting the assessable value, but once debit notes were issued, the amount became recoverable and subject to excise duty. The Tribunal emphasized that excise duty is chargeable on the wholesale price, not the retail price, as per the Central Excise Valuation Rules, clarifying the treatment of the margin deduction in the assessable value. Case-Laws Central Excise Mon, 27 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176757