https://www.taxtmi.com/caselaws?id=341667 The Tribunal allowed the appeal filed by the assessee, setting aside the order disallowing the cash discount deduction subject to central excise duty. Emphasizing the importance of transaction value under Section 4 of the Central Excise Act, the Tribunal held that assessable value should be based on the actual price paid by customers. While rejecting the cash discount deduction appeal, the Tribunal remanded other aspects for re-adjudication and left the imposition of penalties to the Adjudicating Authority. The decision aligned with Supreme Court precedent and Tribunal rulings, ensuring correct valuation of excisable goods and favoring the assessee. en-us Tue, 14 Mar 2017 00:00:00 +0530 Fri, 14 Apr 2017 07:01:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341667 The Tribunal allowed the appeal filed by the assessee, setting aside the order disallowing the cash discount deduction subject to central excise duty. Emphasizing the importance of transaction value under Section 4 of the Central Excise Act, the Tribunal held that assessable value should be based on the actual price paid by customers. While rejecting the cash discount deduction appeal, the Tribunal remanded other aspects for re-adjudication and left the imposition of penalties to the Adjudicating Authority. The decision aligned with Supreme Court precedent and Tribunal rulings, ensuring correct valuation of excisable goods and favoring the assessee. Case-Laws Central Excise Tue, 14 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341667