https://www.taxtmi.com/caselaws?id=107546 Retailing expenses were required to be fixed having regard to the nature of the goods, prevailing trade practice and other relevant factors under the departmental circular dated 8-8-75, which was binding on the Department. The assessee supported a 20% allowance with trade practice evidence, a Chartered Accountant's certificate and a comparable Supreme Court precedent allowing 28% in similar goods. On those materials, the higher allowance accepted by the appellate authority was treated as justified, and the fixation of retailing expenses at 20% was upheld, with the Revenue's challenge failing. en-us Mon, 19 May 2003 00:00:00 +0530 Fri, 23 Mar 2012 13:03:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107546 Retailing expenses were required to be fixed having regard to the nature of the goods, prevailing trade practice and other relevant factors under the departmental circular dated 8-8-75, which was binding on the Department. The assessee supported a 20% allowance with trade practice evidence, a Chartered Accountant's certificate and a comparable Supreme Court precedent allowing 28% in similar goods. On those materials, the higher allowance accepted by the appellate authority was treated as justified, and the fixation of retailing expenses at 20% was upheld, with the Revenue's challenge failing. Case-Laws Central Excise Mon, 19 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107546