https://www.taxtmi.com/caselaws?id=89559 Trade discount passed on to wholesale dealers could not be treated as recovered merely because the dealers maintained modest interest-free security deposits. The department had accepted that the discount was actually granted, and the record showed the discount was substantial while the deposits were comparatively small. On those facts, there was no basis to infer that the deposits depressed the price or that the discount was illusory. The trade discount therefore remained deductible from assessable value, and the duty demand based on disallowance of that discount was unsustainable. en-us Wed, 15 Jul 1998 00:00:00 +0530 Wed, 28 Sep 2011 11:07:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89559 Trade discount passed on to wholesale dealers could not be treated as recovered merely because the dealers maintained modest interest-free security deposits. The department had accepted that the discount was actually granted, and the record showed the discount was substantial while the deposits were comparatively small. On those facts, there was no basis to infer that the deposits depressed the price or that the discount was illusory. The trade discount therefore remained deductible from assessable value, and the duty demand based on disallowance of that discount was unsustainable. Case-Laws Central Excise Wed, 15 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89559