https://www.taxtmi.com/caselaws?id=87945 Interest on receivables and turnover discount, whether given in cash or kind, were treated as deductible in determining assessable value, and deduction could not be denied merely because the discount was quantified only at the end of the relevant period. Deduction for breakages during transit was also accepted where the price collected already reflected the breakage value. By contrast, discount linked to expiry of goods in wholesalers' hands was not deductible, because the loss was borne by the wholesaler after delivery and any concession by the manufacturer was treated as sales promotion rather than a price-related allowance. en-us Wed, 21 Jan 1998 00:00:00 +0530 Wed, 14 Sep 2011 10:34:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87945 Interest on receivables and turnover discount, whether given in cash or kind, were treated as deductible in determining assessable value, and deduction could not be denied merely because the discount was quantified only at the end of the relevant period. Deduction for breakages during transit was also accepted where the price collected already reflected the breakage value. By contrast, discount linked to expiry of goods in wholesalers' hands was not deductible, because the loss was borne by the wholesaler after delivery and any concession by the manufacturer was treated as sales promotion rather than a price-related allowance. Case-Laws Central Excise Wed, 21 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87945