https://www.taxtmi.com/caselaws?id=88698 Deduction from the price list for hundi discounting charges was examined in determining assessable value. The charges were treated as the cost of discounting hundies executed by customers for payment after a fixed period, functioning in substance as interest attributable to delayed payment. Relying on the precedent cited, the deduction was held to be allowable, and the Revenue's challenge failed. en-us Tue, 21 Jan 1997 00:00:00 +0530 Tue, 20 Sep 2011 16:31:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88698 Deduction from the price list for hundi discounting charges was examined in determining assessable value. The charges were treated as the cost of discounting hundies executed by customers for payment after a fixed period, functioning in substance as interest attributable to delayed payment. Relying on the precedent cited, the deduction was held to be allowable, and the Revenue's challenge failed. Case-Laws Central Excise Tue, 21 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88698