https://www.taxtmi.com/caselaws?id=760215 CESTAT Mumbai held that trade discount of Rs.1.7 per kg or Rs.0.26 per kg offered by appellant to Navi Mumbai Municipal Transport cannot be treated as additional consideration for valuation purposes under Central Excise Act, 1944. Following SC precedent in Commissioner vs. Mahanagar Gas Ltd., the tribunal found no evidence of additional consideration flowing from purchaser to appellant, as separate lease rent was paid for land use. The assessable value after allowing trade discount was deemed correct under Section 4(1)(a). Appeal allowed, impugned order set aside. en-us Wed, 16 Oct 2024 00:00:00 +0530 Fri, 18 Oct 2024 09:14:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760215 CESTAT Mumbai held that trade discount of Rs.1.7 per kg or Rs.0.26 per kg offered by appellant to Navi Mumbai Municipal Transport cannot be treated as additional consideration for valuation purposes under Central Excise Act, 1944. Following SC precedent in Commissioner vs. Mahanagar Gas Ltd., the tribunal found no evidence of additional consideration flowing from purchaser to appellant, as separate lease rent was paid for land use. The assessable value after allowing trade discount was deemed correct under Section 4(1)(a). Appeal allowed, impugned order set aside. Case-Laws Central Excise Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760215