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2016 (12) TMI 1517 - AT - Central ExciseValuation - Cash discounts - scope of ambit - whether the cash discount realized back by the appellants through debit notes is chargeable to central excise duty? - Held that: - what has to be seen in order to arrive at the correct value of excisable goods under Section 4 is such value at the time of removal, and this being so under both the old Section and the new Section, cash discount has to be allowed as has been held in Union of India v. Bombay Tyre International Limited [1983 (11) TMI 70 - SUPREME COURT OF INDIA] - there will be no need to add back the discounts to the assessable value, even if the same are subsequently recovered - appeal allowed - decided in favor of appellant.
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