https://www.taxtmi.com/caselaws?id=760578 CESTAT Mumbai ruled on inclusion of discounts offered to bulk purchasers in transaction value for periods July 2008-November 2011 and December 2011-January 2013. Following precedent in Mahanagar Gas Limited case, the tribunal held that money value of facilities treated as equivalent to trade discount must be added back to transaction value. The tribunal found the issue identical to previous case and noted lower authorities failed to adequately address the provisions. Appeals were allowed and impugned order set aside. en-us Thu, 03 Oct 2024 00:00:00 +0530 Sat, 26 Oct 2024 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760578 CESTAT Mumbai ruled on inclusion of discounts offered to bulk purchasers in transaction value for periods July 2008-November 2011 and December 2011-January 2013. Following precedent in Mahanagar Gas Limited case, the tribunal held that money value of facilities treated as equivalent to trade discount must be added back to transaction value. The tribunal found the issue identical to previous case and noted lower authorities failed to adequately address the provisions. Appeals were allowed and impugned order set aside. Case-Laws Central Excise Thu, 03 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760578