https://www.taxtmi.com/caselaws?id=270904 The Tribunal held that the appellants are entitled to claim deduction of cash discounts from the transaction value on clearances made to customers under Section 4 of the Central Excise Act, 1944. Relying on the precedent set by the Hon'ble Apex Court in Purolator India Ltd., the Tribunal emphasized that cash discounts known before clearance should be subtracted from the sale price to determine the value of excisable goods at the time of removal. The impugned orders were set aside, and the appeals were allowed, granting the appellants the right to deduct cash discounts in calculating assessable value. en-us Fri, 20 Nov 2015 00:00:00 +0530 Wed, 20 Jan 2016 05:53:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270904 The Tribunal held that the appellants are entitled to claim deduction of cash discounts from the transaction value on clearances made to customers under Section 4 of the Central Excise Act, 1944. Relying on the precedent set by the Hon'ble Apex Court in Purolator India Ltd., the Tribunal emphasized that cash discounts known before clearance should be subtracted from the sale price to determine the value of excisable goods at the time of removal. The impugned orders were set aside, and the appeals were allowed, granting the appellants the right to deduct cash discounts in calculating assessable value. Case-Laws Central Excise Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270904