https://www.taxtmi.com/caselaws?id=784452 Whether a one-time year-end discount could be mandatorily deducted from assessable value under s. 4(1)(a) of the Central Excise Act to treat the refund under Notif. No. 20/2007-CE as "excess" was the dominant issue. The Tribunal held that a discount is deductible only if it is known and disclosed prior to clearance/sale; since the year-end discount was not pre-declared and was granted as a non-regular, post-sale practice, it was not admissible as an abatement from transaction value. Consequently, duty paid on the full value was correctly payable and the refund of such duty under Notif. No. 20/2007-CE was rightly granted; the appellate order treating it as excess was set aside and the appeal was allowed. en-us Fri, 31 Oct 2025 00:00:00 +0530 Tue, 06 Jan 2026 08:47:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784452 Whether a one-time year-end discount could be mandatorily deducted from assessable value under s. 4(1)(a) of the Central Excise Act to treat the refund under Notif. No. 20/2007-CE as "excess" was the dominant issue. The Tribunal held that a discount is deductible only if it is known and disclosed prior to clearance/sale; since the year-end discount was not pre-declared and was granted as a non-regular, post-sale practice, it was not admissible as an abatement from transaction value. Consequently, duty paid on the full value was correctly payable and the refund of such duty under Notif. No. 20/2007-CE was rightly granted; the appellate order treating it as excess was set aside and the appeal was allowed. Case-Laws Central Excise Fri, 31 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784452