https://www.taxtmi.com/caselaws?id=85963 Cash discount and prompt payment discount are deductible in assessing value, but a discount linked to advance payment or maintenance of a cash credit balance may be excluded only to the extent that the advance payment itself gives an additional benefit beyond an ordinary prompt payment discount. The customer making advance payment cannot be placed in a worse position than one paying immediately, so only the excess advantage, if any, attributable to the advance deposit affects assessable value. The matter was also to be reconsidered after the appellant was allowed to produce the relevant circular and supporting materials before the proper authority, and the earlier orders were set aside for fresh determination. en-us Thu, 31 Oct 1996 00:00:00 +0530 Tue, 09 Aug 2011 12:40:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85963 Cash discount and prompt payment discount are deductible in assessing value, but a discount linked to advance payment or maintenance of a cash credit balance may be excluded only to the extent that the advance payment itself gives an additional benefit beyond an ordinary prompt payment discount. The customer making advance payment cannot be placed in a worse position than one paying immediately, so only the excess advantage, if any, attributable to the advance deposit affects assessable value. The matter was also to be reconsidered after the appellant was allowed to produce the relevant circular and supporting materials before the proper authority, and the earlier orders were set aside for fresh determination. Case-Laws Central Excise Thu, 31 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85963