https://www.taxtmi.com/highlights?id=75493 Valuation - treatment of the trade discount as additional consideration - The Tribunal noted that the transaction value should be determined based on commercial considerations, especially when the buyer and seller are not related. - The Tribunal distinguished the case from previous decisions involving oil marketing companies (OMCs) and upheld the appellant's contention that the transactions with OMCs were on a principal-to-principal basis. It was observed that there was no evidence of a service contract between the appellant and OMCs. en-us Fri, 08 Mar 2024 10:47:51 +0530 Fri, 08 Mar 2024 10:47:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75493 Valuation - treatment of the trade discount as additional consideration - The Tribunal noted that the transaction value should be determined based on commercial considerations, especially when the buyer and seller are not related. - The Tribunal distinguished the case from previous decisions involving oil marketing companies (OMCs) and upheld the appellant's contention that the transactions with OMCs were on a principal-to-principal basis. It was observed that there was no evidence of a service contract between the appellant and OMCs. Highlights Central Excise Fri, 08 Mar 2024 10:47:51 +0530 https://www.taxtmi.com/highlights?id=75493