https://www.taxtmi.com/caselaws?id=81991 The Tribunal allowed the appeal, granting the deduction of both trade discount and freight from the price. The appellants, manufacturers of asbestos cement products, successfully argued that they were entitled to deduct trade discount as per declared discounts and contracts with stockists/dealers. The Tribunal held that issuing trade discounts via credit notes was permissible and allowed the deduction. Additionally, the Tribunal ruled in favor of deducting equalized freight from the assessable value, overturning the Collector's decision disallowing the deduction of freight. en-us Thu, 23 Jan 1992 00:00:00 +0530 Fri, 01 Jul 2011 12:11:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81991 The Tribunal allowed the appeal, granting the deduction of both trade discount and freight from the price. The appellants, manufacturers of asbestos cement products, successfully argued that they were entitled to deduct trade discount as per declared discounts and contracts with stockists/dealers. The Tribunal held that issuing trade discounts via credit notes was permissible and allowed the deduction. Additionally, the Tribunal ruled in favor of deducting equalized freight from the assessable value, overturning the Collector's decision disallowing the deduction of freight. Case-Laws Central Excise Thu, 23 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81991