https://www.taxtmi.com/caselaws?id=350944 Refund of excise duty arising from a post-clearance downward price revision was held not maintainable where the goods were not cleared under provisional assessment. The Tribunal applied the settled principle that provisional assessment must be undertaken in the prescribed manner before a later price reduction can justify adjustment of duty. Because the assessee had cleared goods under contracts with a price variation clause but without following provisional assessment procedure, the differential duty could not be refunded. The rejection of the refund claims was therefore upheld. en-us Mon, 30 Oct 2017 00:00:00 +0530 Thu, 16 Nov 2017 07:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350944 Refund of excise duty arising from a post-clearance downward price revision was held not maintainable where the goods were not cleared under provisional assessment. The Tribunal applied the settled principle that provisional assessment must be undertaken in the prescribed manner before a later price reduction can justify adjustment of duty. Because the assessee had cleared goods under contracts with a price variation clause but without following provisional assessment procedure, the differential duty could not be refunded. The rejection of the refund claims was therefore upheld. Case-Laws Central Excise Mon, 30 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350944