https://www.taxtmi.com/caselaws?id=88850 Average discount claimed in price lists was treated as a permissible deduction in determining assessable value under the Central Excise Act, 1944, where the assessee relied on past actual discounts and undertook to reconcile any differential duty on actuals at month-end. The Tribunal accepted average discount as a convenient clearance-stage method, but only on the basis that the actual discount position would be verified and monthly returns finalised with reference to actual figures. The operative effect was that deduction was allowed subject to verification and adjustment against actual discount data. en-us Tue, 05 May 1998 00:00:00 +0530 Wed, 21 Sep 2011 17:25:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88850 Average discount claimed in price lists was treated as a permissible deduction in determining assessable value under the Central Excise Act, 1944, where the assessee relied on past actual discounts and undertook to reconcile any differential duty on actuals at month-end. The Tribunal accepted average discount as a convenient clearance-stage method, but only on the basis that the actual discount position would be verified and monthly returns finalised with reference to actual figures. The operative effect was that deduction was allowed subject to verification and adjustment against actual discount data. Case-Laws Central Excise Tue, 05 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88850