Cash Discounts Deductible in determining Transaction Value of Excisable Goods: SC

Purolator India Ltd. Vs Commissioner of Central Excise (Supreme Court of India) The Supreme Court of India recently delivered its judgment in the case of Purolator India Ltd. vs. Commissioner of Central Excise. The case centers on several excise duty-related issues, including deductions for cash discounts, volume discounts, and sales tax. The appellant, M/s Purolator India Limited, a manufacturer of excisable goods such as filter elements and cartridges, challenged the excise department’s rejection of various deductions claimed under Section 4 of the Central Excise and Salt Act, 1944. Backgr...