2016 (1) TMI 696

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....i Archit Agarwal, CA For the Respondent : Shri S Nanthuk, Joint CDR ORDER Per Ashok Jindal Heard the parties. 2. The issue involved in this case is that in a case where the appellant is deducting cash discounts from the transaction value on the clearances made from their factory to all the customers irrespective of the fact that the customers are not paying the amount in time and th....

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....s looked at by itself. However, "transaction value" as defined in sub-clause (3)(d) of Section 4 has to be read along with the expression "for delivery at the time and place of removal". It is clear, therefore, that what is paramount is that the value of the excisable goods even on the basis of "transaction value" has only to be at the time of removal, that is, the time of clearance of the goods f....