https://www.taxtmi.com/caselaws?id=103537 Only a genuine, uniformly known trade discount passed on in the ordinary course of wholesale trade is deductible from assessable value; a discount diverted as area sales commission or otherwise linked to post-clearance obligations is not fully deductible, and only the uniform 10% discount was allowed. Suppression of the differential discounting arrangement, the commission diversion, and undisclosed correction of duplicate gate passes amounted to wilful mis-statement and justified invocation of the extended limitation provision. Reimbursement of dealers' advertisement expenses was not includible in assessable value because it was only a partial reimbursement, no abatement was claimed, and no flow back of sale price was shown. The penalty was sustained because the conduct was treated as deliberate and evasive. en-us Tue, 26 Jun 2001 00:00:00 +0530 Thu, 23 Feb 2012 15:21:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103537 Only a genuine, uniformly known trade discount passed on in the ordinary course of wholesale trade is deductible from assessable value; a discount diverted as area sales commission or otherwise linked to post-clearance obligations is not fully deductible, and only the uniform 10% discount was allowed. Suppression of the differential discounting arrangement, the commission diversion, and undisclosed correction of duplicate gate passes amounted to wilful mis-statement and justified invocation of the extended limitation provision. Reimbursement of dealers' advertisement expenses was not includible in assessable value because it was only a partial reimbursement, no abatement was claimed, and no flow back of sale price was shown. The penalty was sustained because the conduct was treated as deliberate and evasive. Case-Laws Central Excise Tue, 26 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103537