https://www.taxtmi.com/caselaws?id=365610 A discount expressly shown in the sale invoice and passed on to the buyer was deductible in computing assessable value under Section 4 of the Central Excise Act, 1944; alternatively, freight in a FOR sale was also deductible on the authority noted in the text, so no duty could be demanded on the discounted amount. Cenvat credit was admissible on a video control cabinet used as an accessory to an injection moulding machine because, although excluded under one entry, it fell within the definition covering component parts and accessories of eligible machines. The demand and penalty did not survive, and the assessee succeeded on both valuation and credit issues. en-us Wed, 04 Jul 2018 00:00:00 +0530 Wed, 03 Apr 2019 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365610 A discount expressly shown in the sale invoice and passed on to the buyer was deductible in computing assessable value under Section 4 of the Central Excise Act, 1944; alternatively, freight in a FOR sale was also deductible on the authority noted in the text, so no duty could be demanded on the discounted amount. Cenvat credit was admissible on a video control cabinet used as an accessory to an injection moulding machine because, although excluded under one entry, it fell within the definition covering component parts and accessories of eligible machines. The demand and penalty did not survive, and the assessee succeeded on both valuation and credit issues. Case-Laws Central Excise Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365610