https://www.taxtmi.com/caselaws?id=270480 The Tribunal, following the Apex Court's judgment emphasizing the concept of "transaction value" under Section 4, ruled in favor of the appellant regarding the valuation of products for cash discount eligibility. The Tribunal held that cash discounts known before clearance should be deducted from the sale price to determine the value of excisable goods at the time of removal. Referring to a 1975 Customs Bulletin, the Tribunal allowed the appeal, setting aside the previous order and emphasizing the importance of considering cash discounts in determining the price of goods for valuation purposes under Section 4 as amended in 2000. en-us Tue, 20 Oct 2015 00:00:00 +0530 Thu, 07 Jan 2016 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270480 The Tribunal, following the Apex Court's judgment emphasizing the concept of "transaction value" under Section 4, ruled in favor of the appellant regarding the valuation of products for cash discount eligibility. The Tribunal held that cash discounts known before clearance should be deducted from the sale price to determine the value of excisable goods at the time of removal. Referring to a 1975 Customs Bulletin, the Tribunal allowed the appeal, setting aside the previous order and emphasizing the importance of considering cash discounts in determining the price of goods for valuation purposes under Section 4 as amended in 2000. Case-Laws Central Excise Tue, 20 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270480