https://www.taxtmi.com/caselaws?id=86042 The discount contemplated by Notification No. 161/66-C.E. was confined to the exemption formula and did not govern valuation under Section 4 of the Central Excises Act, 1944. Assessable value for Notification No. 83/83 had to be determined at the factory gate, allowing only admissible trade discount actually shown to exist. As no real discount to customers or wholesalers was established, the notional discount in the exemption notification could not be deducted from assessable value. On that basis, the appellate view was rejected and the assessment made by the Assistant Collector was restored. en-us Mon, 04 Nov 1996 00:00:00 +0530 Tue, 09 Aug 2011 18:07:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86042 The discount contemplated by Notification No. 161/66-C.E. was confined to the exemption formula and did not govern valuation under Section 4 of the Central Excises Act, 1944. Assessable value for Notification No. 83/83 had to be determined at the factory gate, allowing only admissible trade discount actually shown to exist. As no real discount to customers or wholesalers was established, the notional discount in the exemption notification could not be deducted from assessable value. On that basis, the appellate view was rejected and the assessment made by the Assistant Collector was restored. Case-Laws Central Excise Mon, 04 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86042