https://www.taxtmi.com/caselaws?id=752996 CESTAT Mumbai ruled in favor of appellants regarding trade discount offered to BEST for CNG supply. The tribunal held that under section 4 of Central Excise Act, 1944 (as amended by Finance Act, 2000), transaction value should be considered as the price at which CNG was supplied to BEST. Revenue failed to establish that discount was given in lieu of infrastructural facilities provided by BEST. The tribunal found trade discount deduction from assessable value admissible on sale transactions, following previous tribunal orders. Appeal was allowed, rejecting revenue's demand for additional central excise duty. en-us Wed, 15 May 2024 00:00:00 +0530 Thu, 23 May 2024 08:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752996 CESTAT Mumbai ruled in favor of appellants regarding trade discount offered to BEST for CNG supply. The tribunal held that under section 4 of Central Excise Act, 1944 (as amended by Finance Act, 2000), transaction value should be considered as the price at which CNG was supplied to BEST. Revenue failed to establish that discount was given in lieu of infrastructural facilities provided by BEST. The tribunal found trade discount deduction from assessable value admissible on sale transactions, following previous tribunal orders. Appeal was allowed, rejecting revenue's demand for additional central excise duty. Case-Laws Central Excise Wed, 15 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752996