https://www.taxtmi.com/caselaws?id=330172 Under the amended Section 4 valuation scheme, cash discount known at or before clearance is to be considered in determining transaction value for excise duty, so a demand based on denial of that discount could not be sustained and was set aside. On Cenvat credit, the Tribunal followed its earlier rulings in the assessee's own case and treated credit of service tax taken on dealers' debit notes as admissible under the Cenvat Credit Rules, 2004, making the corresponding demand unsustainable. The impugned order was set aside, the appeals were allowed, and the duty demand and penalty were deleted. en-us Tue, 14 Jun 2016 00:00:00 +0530 Tue, 19 Jul 2016 13:16:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330172 Under the amended Section 4 valuation scheme, cash discount known at or before clearance is to be considered in determining transaction value for excise duty, so a demand based on denial of that discount could not be sustained and was set aside. On Cenvat credit, the Tribunal followed its earlier rulings in the assessee's own case and treated credit of service tax taken on dealers' debit notes as admissible under the Cenvat Credit Rules, 2004, making the corresponding demand unsustainable. The impugned order was set aside, the appeals were allowed, and the duty demand and penalty were deleted. Case-Laws Central Excise Tue, 14 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330172