https://www.taxtmi.com/caselaws?id=336872 The Tribunal ruled in favor of the appellants, holding that the cash discount realized back through debit notes should not be subject to central excise duty. The decision was based on the interpretation of the transaction value under the Central Excise Act, emphasizing that the assessable value should be the actual price paid by buyers when no cash discount was provided. The Tribunal rejected the appeal concerning cash discount but remanded the matter regarding volume discount, sales tax, and duty liability on returned goods for re-adjudication. The appellant's argument that cash discounts should be allowed in determining the correct value of excisable goods was accepted, leading to the appeal being allowed with consequential relief. en-us Tue, 20 Dec 2016 00:00:00 +0530 Mon, 09 Jan 2017 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336872 The Tribunal ruled in favor of the appellants, holding that the cash discount realized back through debit notes should not be subject to central excise duty. The decision was based on the interpretation of the transaction value under the Central Excise Act, emphasizing that the assessable value should be the actual price paid by buyers when no cash discount was provided. The Tribunal rejected the appeal concerning cash discount but remanded the matter regarding volume discount, sales tax, and duty liability on returned goods for re-adjudication. The appellant's argument that cash discounts should be allowed in determining the correct value of excisable goods was accepted, leading to the appeal being allowed with consequential relief. Case-Laws Central Excise Tue, 20 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336872