https://www.taxtmi.com/caselaws?id=340277 The Tribunal ruled that cash discounts realized back through debit notes are not chargeable to Central Excise duty. The decision was based on the interpretation of the transaction value under the Central Excise Act, emphasizing the actual price paid by buyers as the assessable value. The appeal was allowed with consequential relief, following a previous Supreme Court decision and the Tribunal's own precedent on the matter. The issue of volume discounts and sales tax was remanded for re-adjudication, while the imposition of a penalty was left to the Adjudicating Authority's discretion. en-us Fri, 10 Mar 2017 00:00:00 +0530 Thu, 13 Apr 2017 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340277 The Tribunal ruled that cash discounts realized back through debit notes are not chargeable to Central Excise duty. The decision was based on the interpretation of the transaction value under the Central Excise Act, emphasizing the actual price paid by buyers as the assessable value. The appeal was allowed with consequential relief, following a previous Supreme Court decision and the Tribunal's own precedent on the matter. The issue of volume discounts and sales tax was remanded for re-adjudication, while the imposition of a penalty was left to the Adjudicating Authority's discretion. Case-Laws Central Excise Fri, 10 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340277