https://www.taxtmi.com/caselaws?id=350066 The Appellate Tribunal CESTAT New Delhi allowed the appeals filed by the assessee-Appellants, who were denied cash discounts claimed in determining assessable value under the Central Excise Act. The Tribunal held that as no cash discounts were actually given to customers, the assessable value should be the actual price paid by them. The matter of volume discount, sales tax, and duty liability in respect of returned goods was remanded for re-adjudication, with the decision on penalties left to the Adjudicating Authority. The Tribunal set aside the impugned order and allowed the appeals, following the precedent set by the Supreme Court. en-us Thu, 07 Sep 2017 00:00:00 +0530 Tue, 31 Oct 2017 10:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350066 The Appellate Tribunal CESTAT New Delhi allowed the appeals filed by the assessee-Appellants, who were denied cash discounts claimed in determining assessable value under the Central Excise Act. The Tribunal held that as no cash discounts were actually given to customers, the assessable value should be the actual price paid by them. The matter of volume discount, sales tax, and duty liability in respect of returned goods was remanded for re-adjudication, with the decision on penalties left to the Adjudicating Authority. The Tribunal set aside the impugned order and allowed the appeals, following the precedent set by the Supreme Court. Case-Laws Central Excise Thu, 07 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350066