CESTAT Allows Discount Abatement as One-to-One Correlation Held Impractical in Jewellery Trade

Titan Company Pvt. Ltd. Vs Commissioner of GST and Central Excise (CESTAT Chennai) Excise Duty Demand Set Aside Because Department Ignored Commercial Realities of Stock Transfers; Chartered Accountant Certificates Accepted Because Department Failed to Disprove Discount Claims; CESTAT Rejects Excise Valuation Method Because Invoice-Wise Verification Was Impracticable; Discount Abatement Cannot Be Denied Solely for Lack of Transaction-Wise Correlation; Excise Abatement Allowed Because Department Failed to Suggest Alternative Valuation Method. In , the Customs, Excise and Service Tax Appellate Tr...