https://www.taxtmi.com/caselaws?id=87590 A trade discount known to the buyer at the time of clearance cannot be disallowed merely because the discount scheme was not produced to the department. The distinction between a general Part I price list and a Part II price list reflecting contractual terms was treated as material, and where the Part II price list showed the buyer was aware of the terms at clearance, the discount remained allowable. The settled principle applied was that buyer knowledge at the time of clearance is sufficient to sustain the claim to trade discount. en-us Thu, 23 Oct 1997 00:00:00 +0530 Thu, 08 Sep 2011 10:39:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87590 A trade discount known to the buyer at the time of clearance cannot be disallowed merely because the discount scheme was not produced to the department. The distinction between a general Part I price list and a Part II price list reflecting contractual terms was treated as material, and where the Part II price list showed the buyer was aware of the terms at clearance, the discount remained allowable. The settled principle applied was that buyer knowledge at the time of clearance is sufficient to sustain the claim to trade discount. Case-Laws Central Excise Thu, 23 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87590