https://www.taxtmi.com/caselaws?id=125651 The appellant challenged the denial of a cash discount deduction by the Commissioner (Appeals). The Commissioner found that the discounts claimed were actually recovered through commercial invoices and not passed on to customers, making them includible in the assessable value. The Commissioner concluded that the discounts were not permissible deductions as they were not known before goods clearance and passed on to the buyer. Therefore, the duty demand was deemed justified, leading to the rejection of the appeal. The judgment emphasizes the importance of adhering to legal principles in including discounts in assessable values and the need for transparency in commercial transactions to avoid disputes and ensure compliance. en-us Fri, 10 Oct 2008 00:00:00 +0530 Sat, 27 Oct 2012 12:35:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125651 The appellant challenged the denial of a cash discount deduction by the Commissioner (Appeals). The Commissioner found that the discounts claimed were actually recovered through commercial invoices and not passed on to customers, making them includible in the assessable value. The Commissioner concluded that the discounts were not permissible deductions as they were not known before goods clearance and passed on to the buyer. Therefore, the duty demand was deemed justified, leading to the rejection of the appeal. The judgment emphasizes the importance of adhering to legal principles in including discounts in assessable values and the need for transparency in commercial transactions to avoid disputes and ensure compliance. Case-Laws Central Excise Fri, 10 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125651