https://www.taxtmi.com/caselaws?id=182052 The Appellate Tribunal CESTAT MUMBAI ruled on the admissibility of deduction from the assessable value of synthetic filament yarn of polyester due to a cash discount not passed on to customers within the stipulated period. Citing precedents such as Goodlass Nerolac Paints Ltd. vs. UOI and HandR Johnson (India) Ltd. vs. CBEC, the Tribunal held that the cash discount is admissible regardless of customer utilization. Referring to CCE, Mumbai-II vs. Indian Tool Manufacturers, the Tribunal concluded by setting aside the impugned order and allowing the appeal based on established legal principles regarding cash discount admissibility. en-us Thu, 11 Jan 2007 00:00:00 +0530 Sat, 30 Apr 2016 16:13:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182052 The Appellate Tribunal CESTAT MUMBAI ruled on the admissibility of deduction from the assessable value of synthetic filament yarn of polyester due to a cash discount not passed on to customers within the stipulated period. Citing precedents such as Goodlass Nerolac Paints Ltd. vs. UOI and HandR Johnson (India) Ltd. vs. CBEC, the Tribunal held that the cash discount is admissible regardless of customer utilization. Referring to CCE, Mumbai-II vs. Indian Tool Manufacturers, the Tribunal concluded by setting aside the impugned order and allowing the appeal based on established legal principles regarding cash discount admissibility. Case-Laws Central Excise Thu, 11 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182052