https://www.taxtmi.com/caselaws?id=355258 The Tribunal ruled in favor of the Appellant in appeals against an Order-in-Appeal by the Commissioner (Appeals) regarding a discount provided to the buyer. The Tribunal found that the discount was a cash discount given by the Appellant to facilitate early payment, not an expenditure by the buyer. The discount was part of the transaction between the parties, clearly reflected in invoices, and agreed upon to ensure early payment. Legal precedents supported deducting cash discounts from the assessable value. The Tribunal set aside the demand for duty, allowing the appeals with any consequential reliefs. en-us Mon, 25 Sep 2017 00:00:00 +0530 Tue, 13 Feb 2018 06:15:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355258 The Tribunal ruled in favor of the Appellant in appeals against an Order-in-Appeal by the Commissioner (Appeals) regarding a discount provided to the buyer. The Tribunal found that the discount was a cash discount given by the Appellant to facilitate early payment, not an expenditure by the buyer. The discount was part of the transaction between the parties, clearly reflected in invoices, and agreed upon to ensure early payment. Legal precedents supported deducting cash discounts from the assessable value. The Tribunal set aside the demand for duty, allowing the appeals with any consequential reliefs. Case-Laws Central Excise Mon, 25 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355258