Valuation - treatment of the trade discount as additional ...

Tribunal Rules Trade Discounts Not Additional Consideration, Affirms Principal-to-Principal Transactions with OMCs.

March 8, 2024

Case Laws Central Excise AT

Valuation - treatment of the trade discount as additional consideration - The Tribunal noted that the transaction value should be determined based on commercial considerations, especially when the buyer and seller are not related. - The Tribunal distinguished the case from previous decisions involving oil marketing companies (OMCs) and upheld the appellant's contention that the transactions with OMCs were on a principal-to-principal basis. It was observed that there was no evidence of a service contract between the appellant and OMCs.

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Valuation - treatment of the trade discount as additional ...

Tribunal Rules Trade Discounts Not Additional Consideration, Affirms Principal-to-Principal Transactions with OMCs.

March 8, 2024

Case Laws Central Excise AT

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