https://www.taxtmi.com/caselaws?id=116461 An advance booking scheme discount granted to dealers making advance payments was treated as an admissible deduction from assessable value for central excise purposes. The arrangement was described as a bona fide commercial scheme, communicated to the department, and applicable to a distinct class of buyers, with the assessee maintaining separate accounts and clearing goods on the discounted value. Settled principles on assessable value and admissible trade discounts, together with supporting departmental circulars and the finality of an earlier appellate order, supported deduction of the scheme discount. On that basis, the demand raised by denying the discount was not sustainable, and the associated penalty could not survive. en-us Thu, 23 Jun 2005 00:00:00 +0530 Tue, 12 Jun 2012 16:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116461 An advance booking scheme discount granted to dealers making advance payments was treated as an admissible deduction from assessable value for central excise purposes. The arrangement was described as a bona fide commercial scheme, communicated to the department, and applicable to a distinct class of buyers, with the assessee maintaining separate accounts and clearing goods on the discounted value. Settled principles on assessable value and admissible trade discounts, together with supporting departmental circulars and the finality of an earlier appellate order, supported deduction of the scheme discount. On that basis, the demand raised by denying the discount was not sustainable, and the associated penalty could not survive. Case-Laws Central Excise Thu, 23 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116461