1998 (7) TMI 255 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi ruled in favor of the appellant, a water meter manufacturer, in a case regarding trade discounts and deposits received from dealers. The tribunal found that the trade discount granted to buyers was not taken back as interest on deposits, and thus the demand for duty based on this was unjust and unreasonable. The tribunal set aside the demand for duty and allowed the appeal.