https://www.taxtmi.com/caselaws?id=342353 The Tribunal allowed the appeal, holding that the cash discount realized back by the Appellant through debit notes is not chargeable to central excise duty. Relying on legal precedents and the Supreme Court's decision, the Tribunal determined that the transaction value for goods sold should be the price actually paid or payable, as per the Central Excise Act. Consequently, the Tribunal set aside the lower authorities' decision and provided consequential relief to the Appellant, clarifying the treatment of cash discounts in excise duty liability. en-us Wed, 29 Mar 2017 00:00:00 +0530 Tue, 02 May 2017 12:09:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342353 The Tribunal allowed the appeal, holding that the cash discount realized back by the Appellant through debit notes is not chargeable to central excise duty. Relying on legal precedents and the Supreme Court's decision, the Tribunal determined that the transaction value for goods sold should be the price actually paid or payable, as per the Central Excise Act. Consequently, the Tribunal set aside the lower authorities' decision and provided consequential relief to the Appellant, clarifying the treatment of cash discounts in excise duty liability. Case-Laws Central Excise Wed, 29 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342353