No Excise Duty on Trade Discount Offered to Bulk Buyer of CNG: CESTAT [Read Order]

The tribunal held that deduction of trade discount from assessable value was admissible on sale transactions

In a recent ruling, the Mumbai Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has held that excise duty is not payable on trade discounts offered to bulk buyers of compressed natural gas ( CNG ). Mahanagar Gas Ltd, the appellants/assessees have entered into a contract with Brihanmumbai Electric Supply and…

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