https://www.taxtmi.com/caselaws?id=87426 Cash discount may be allowed at different rates in the assessable value where the price lists and finalisation records support the assessee's claim. The evidence showed that discounts were extended at two rates, and the rejection of the higher rate lacked a sufficient basis. The record did not establish that the discount was confined only to advance payment. The separate issue of whether notional interest on advance payment could be added was not determined in these proceedings, as no finding was recorded on that point. Accordingly, the disallowance of the higher cash discount rate could not be sustained. en-us Mon, 20 Oct 1997 00:00:00 +0530 Mon, 05 Sep 2011 18:23:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87426 Cash discount may be allowed at different rates in the assessable value where the price lists and finalisation records support the assessee's claim. The evidence showed that discounts were extended at two rates, and the rejection of the higher rate lacked a sufficient basis. The record did not establish that the discount was confined only to advance payment. The separate issue of whether notional interest on advance payment could be added was not determined in these proceedings, as no finding was recorded on that point. Accordingly, the disallowance of the higher cash discount rate could not be sustained. Case-Laws Central Excise Mon, 20 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87426