Deduction of trade discount from assessable value is admissible on CNG sale transactions

Mahanagar Gas Ltd. Vs Commissioner of Central Excise (CESTAT Mumbai) The case of Mahanagar Gas Ltd. vs. Commissioner of Central Excise, as adjudicated by the CESTAT Mumbai, revolves around the admissibility of trade discounts in the determination of the assessable value for the sale of Compressed Natural Gas (CNG). The dispute arises from the interpretation of the trade discount offered by Mahanagar Gas Ltd. (the appellants) to Brihanmumbai Electric Supply and Transport (BEST), a bulk buyer, in their CNG sale transactions. Mahanagar Gas Ltd. entered into a contract with BEST for the supply and...