https://www.taxtmi.com/forum/issue?id=3627 Excise duty is leviable on the basic price and is ordinarily calculated before applying discounts; billing that deducts discount after duty computation conforms with administrative guidance. However, a genuine trade discount known to the customer prior to removal and actually transferred may be abated from the basic price, subject to the valuation and abatement provisions set out in relevant administrative circulars and manuals. en-us Tue, 06 Dec 2011 19:48:08 +0530 Thu, 23 Jan 2025 15:58:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3627 Excise duty is leviable on the basic price and is ordinarily calculated before applying discounts; billing that deducts discount after duty computation conforms with administrative guidance. However, a genuine trade discount known to the customer prior to removal and actually transferred may be abated from the basic price, subject to the valuation and abatement provisions set out in relevant administrative circulars and manuals. Discussion-Forum Central Excise Tue, 06 Dec 2011 19:48:08 +0530 https://www.taxtmi.com/forum/issue?id=3627