https://www.taxtmi.com/caselaws?id=753886 The CESTAT Mumbai held that trade discount offered by the appellant should not be included in assessable value for excise duty purposes. The tribunal found that lower authorities incorrectly linked facilities provided by buyer for equipment installation with trade discount offered by seller, treating them as single transaction when they were actually separate. The appellant had similar arrangements with oil marketing companies and Thane Municipal Transport. Relying on precedent in Mahanagar Gas Limited case, the tribunal ruled that Section 4(1)(a) of Central Excise Act permits different transaction values. The impugned order was set aside and appeal was allowed. en-us Tue, 11 Jun 2024 00:00:00 +0530 Thu, 13 Jun 2024 08:09:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753886 The CESTAT Mumbai held that trade discount offered by the appellant should not be included in assessable value for excise duty purposes. The tribunal found that lower authorities incorrectly linked facilities provided by buyer for equipment installation with trade discount offered by seller, treating them as single transaction when they were actually separate. The appellant had similar arrangements with oil marketing companies and Thane Municipal Transport. Relying on precedent in Mahanagar Gas Limited case, the tribunal ruled that Section 4(1)(a) of Central Excise Act permits different transaction values. The impugned order was set aside and appeal was allowed. Case-Laws Central Excise Tue, 11 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753886