https://www.taxtmi.com/caselaws?id=93431 Cash discount and turnover discount are deductible from excise assessable value where their nature, rate, and operation form part of the price structure and are known at the time of clearance. A discount does not lose deductibility merely because a particular buyer does not take the full benefit, provided the allowance is identifiable in principle. Likewise, turnover discount remains admissible even if the exact entitled dealer is identified only at the end of the financial year, so long as the discount is definite and built into the pricing arrangement. The stated ratio is that later identification of the beneficiary does not defeat deduction. en-us Tue, 29 Feb 2000 00:00:00 +0530 Fri, 11 Nov 2011 12:49:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93431 Cash discount and turnover discount are deductible from excise assessable value where their nature, rate, and operation form part of the price structure and are known at the time of clearance. A discount does not lose deductibility merely because a particular buyer does not take the full benefit, provided the allowance is identifiable in principle. Likewise, turnover discount remains admissible even if the exact entitled dealer is identified only at the end of the financial year, so long as the discount is definite and built into the pricing arrangement. The stated ratio is that later identification of the beneficiary does not defeat deduction. Case-Laws Central Excise Tue, 29 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93431