https://www.taxtmi.com/caselaws?id=349954 The Appellate Tribunal CESTAT NEW DELHI allowed the appeals of PVC pipe and sprinkler manufacturers regarding the interpretation of cash discounts for central excise duty assessment. The Tribunal upheld the appellants' argument, following the precedent set by the Supreme Court, that cash discounts not passed on to buyers are eligible for deduction in determining the dutiable transaction value. The Tribunal found the Revenue's denial of the discount without merit, emphasizing the importance of consistency in applying legal principles and considering relevant factors in assessing duty values. en-us Tue, 29 Aug 2017 00:00:00 +0530 Sat, 28 Oct 2017 08:16:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349954 The Appellate Tribunal CESTAT NEW DELHI allowed the appeals of PVC pipe and sprinkler manufacturers regarding the interpretation of cash discounts for central excise duty assessment. The Tribunal upheld the appellants' argument, following the precedent set by the Supreme Court, that cash discounts not passed on to buyers are eligible for deduction in determining the dutiable transaction value. The Tribunal found the Revenue's denial of the discount without merit, emphasizing the importance of consistency in applying legal principles and considering relevant factors in assessing duty values. Case-Laws Central Excise Tue, 29 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349954