https://www.taxtmi.com/caselaws?id=450560 The CESTAT Mumbai held that trade discount provided for supply to Thane Municipal Transport stations should be excluded from assessable value. The appellant had foregone consideration through trade discount, which authorities incorrectly treated as facilitation costs. The original authority failed to determine value per Central Excise Valuation Rules, 2000. The Tribunal relied on its previous decision regarding oil marketing companies, noting that Section 4(1)(a) of CEA permits different transaction values unlike pre-2000 normal sales price provisions. The Revenue's reliance on Bharat Petroleum case was distinguished as involving barter transactions. The impugned order was set aside and appeal allowed. en-us Tue, 05 Mar 2024 00:00:00 +0530 Thu, 07 Mar 2024 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450560 The CESTAT Mumbai held that trade discount provided for supply to Thane Municipal Transport stations should be excluded from assessable value. The appellant had foregone consideration through trade discount, which authorities incorrectly treated as facilitation costs. The original authority failed to determine value per Central Excise Valuation Rules, 2000. The Tribunal relied on its previous decision regarding oil marketing companies, noting that Section 4(1)(a) of CEA permits different transaction values unlike pre-2000 normal sales price provisions. The Revenue's reliance on Bharat Petroleum case was distinguished as involving barter transactions. The impugned order was set aside and appeal allowed. Case-Laws Central Excise Tue, 05 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450560