https://www.taxtmi.com/caselaws?id=96272 Discounts were deductible from the assessable value of excisable goods where they formed part of the commercial terms known at the time of removal or final assessment. Annual incentive linked to yearly purchases was treated as a turnover discount, no goods return discount was allowable if the stated conditions were met, no hundi return discount was treated as a prompt payment discount, quantity discount was accepted despite later quantification, and exclusive dealership discount was regarded as a commercial discount without discretion. All disputed discounts were therefore deductible. en-us Wed, 04 Oct 2000 00:00:00 +0530 Tue, 20 Dec 2011 15:12:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96272 Discounts were deductible from the assessable value of excisable goods where they formed part of the commercial terms known at the time of removal or final assessment. Annual incentive linked to yearly purchases was treated as a turnover discount, no goods return discount was allowable if the stated conditions were met, no hundi return discount was treated as a prompt payment discount, quantity discount was accepted despite later quantification, and exclusive dealership discount was regarded as a commercial discount without discretion. All disputed discounts were therefore deductible. Case-Laws Central Excise Wed, 04 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96272