https://www.taxtmi.com/caselaws?id=107366 A deduction claimed as trade discount in excise valuation must be supported by clear contemporaneous material showing its nature and basis. An undated circular and invoices that do not disclose the discount were insufficient, and no tangible evidence explained how the discount rate was fixed. On that record, the claim could not be accepted on assumptions, and the order allowing the deduction was unsustainable. en-us Mon, 17 Feb 2003 00:00:00 +0530 Wed, 21 Mar 2012 18:43:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107366 A deduction claimed as trade discount in excise valuation must be supported by clear contemporaneous material showing its nature and basis. An undated circular and invoices that do not disclose the discount were insufficient, and no tangible evidence explained how the discount rate was fixed. On that record, the claim could not be accepted on assumptions, and the order allowing the deduction was unsustainable. Case-Laws Central Excise Mon, 17 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107366