https://www.taxtmi.com/caselaws?id=343724 The Tribunal upheld the lower authorities' orders, dismissing the Department's appeal regarding alleged excess collection in Central Excise invoices by electric motor and pump manufacturers. The case focused on interpreting section 4(3)(d) of the Central Excise Act, admissibility of discounts in determining assessable value, and reliance on precedents like Mahavir Spinning Mills and Maruti Udyog Ltd. The Tribunal emphasized deducting discounts known before goods' sale and affirmed legal principles, ultimately ruling in favor of the manufacturers based on established precedents and legal interpretations. en-us Mon, 15 May 2017 00:00:00 +0530 Mon, 24 Jul 2017 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343724 The Tribunal upheld the lower authorities' orders, dismissing the Department's appeal regarding alleged excess collection in Central Excise invoices by electric motor and pump manufacturers. The case focused on interpreting section 4(3)(d) of the Central Excise Act, admissibility of discounts in determining assessable value, and reliance on precedents like Mahavir Spinning Mills and Maruti Udyog Ltd. The Tribunal emphasized deducting discounts known before goods' sale and affirmed legal principles, ultimately ruling in favor of the manufacturers based on established precedents and legal interpretations. Case-Laws Central Excise Mon, 15 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343724