https://www.taxtmi.com/forum/issue?id=109702 Excise duty is assessable on the transaction value-the net price after legitimate discounts-if discounts are genuine, documented, passed to independent buyers, not to related parties, and where the discount policy and basis are known prior to removal; duty paid on a higher price may be refunded when discount entitlement later crystallises, consistent with Board guidance and judicial precedents. en-us Mon, 11 Jan 2016 12:59:59 +0530 Thu, 23 Jan 2025 15:56:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109702 Excise duty is assessable on the transaction value-the net price after legitimate discounts-if discounts are genuine, documented, passed to independent buyers, not to related parties, and where the discount policy and basis are known prior to removal; duty paid on a higher price may be refunded when discount entitlement later crystallises, consistent with Board guidance and judicial precedents. Discussion-Forum Central Excise Mon, 11 Jan 2016 12:59:59 +0530 https://www.taxtmi.com/forum/issue?id=109702