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12.5% Excise to be levied on base price or discounted price

Central Excise - Started By: - Vinay Badam - Dated:- 11-1-2016 Last Replied Date:- 13-1-2016 - Dear Sirs,I am a distributor for a multinational company Construction chemicals, They have various manufacturing locations in IndiaIn their invoice for exa .....

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nking youbnagavinay@gmail.com - Reply By KASTURI SETHI - The Reply = Discount from transaction value should be reasonable and genuine. No additional consideration directly or indirectly (or in some guise). Discount should be passed on to the independ .....

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itions. - Reply By Vinay Badam - The Reply = Thank you for very immediate reply sir,Actually the company is not selling at prices less than manufacturing prices, They provide different discounts based on volume of the orderMy question is 12.5% to be .....

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the Central Excise Act. What I think 50% discount is too much whatever the factors may be. You will make some base with documentary evidence regarding discounted price on which duty will be paid. After perusing my earlier reply and going through the .....

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eply By YAGAY AND SUN - The Reply = In the case of CCE, Indore vs Bridgestone India Pvt Ltd.= 2015 (9) TMI 981 - CESTAT NEW DELHI the assessee was selling the goods through its dealers and C&F agents and was giving quantity discount / trade disco .....

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the assessee paid the excise duty on the sale price (without deducting the discount amount) and filed a refund claim of excess excise duty paid on the finalization of the discount amount.The Tribunal allowed the deduction of different discounts given .....

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the clearance of goods from the factory, the deduction of the same is allowed while arriving at the transaction value for payment of excise duty. Even refund of excise duty shall be allowed in cases where the deduction of discount is not claimed from .....

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