https://www.taxtmi.com/caselaws?id=93659 Commission paid to dealers was treated as a permissible trade discount for excise valuation of cotton yarn because the agreement showed a principal-to-principal sale structure. The dealers lifted goods as buyers, maintained security deposits, and were not shown to be agents merely because the payment was labelled commission or linked to net sale value. The character of the relationship had to be determined from the agreement and transaction structure, and a trade discount need not be reflected on each invoice if it was fixed before removal of the goods. The commission was therefore excluded from assessable value in favour of the assessee. en-us Wed, 12 Jul 2000 00:00:00 +0530 Mon, 14 Nov 2011 18:50:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93659 Commission paid to dealers was treated as a permissible trade discount for excise valuation of cotton yarn because the agreement showed a principal-to-principal sale structure. The dealers lifted goods as buyers, maintained security deposits, and were not shown to be agents merely because the payment was labelled commission or linked to net sale value. The character of the relationship had to be determined from the agreement and transaction structure, and a trade discount need not be reflected on each invoice if it was fixed before removal of the goods. The commission was therefore excluded from assessable value in favour of the assessee. Case-Laws Central Excise Wed, 12 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93659