https://www.taxtmi.com/caselaws?id=165847 Under the old Section 4, only trade discounts actually passed on in the normal course of business were deductible from assessable value. A 5.75% agency commission on Bajaj brand fans was treated as a permissible trade discount to the sole selling agent, and an 8.5% discount on Kassels brand fans was also accepted as deductible because it was passed on through the distribution chain. By contrast, a 1% amount routed through regional distributors on Kassels brand fans was characterised as brokerage, not a trade discount, and was therefore not deductible because it was not passed on to wholesale dealers. en-us Thu, 14 Jan 1982 00:00:00 +0530 Wed, 13 Aug 2014 13:07:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165847 Under the old Section 4, only trade discounts actually passed on in the normal course of business were deductible from assessable value. A 5.75% agency commission on Bajaj brand fans was treated as a permissible trade discount to the sole selling agent, and an 8.5% discount on Kassels brand fans was also accepted as deductible because it was passed on through the distribution chain. By contrast, a 1% amount routed through regional distributors on Kassels brand fans was characterised as brokerage, not a trade discount, and was therefore not deductible because it was not passed on to wholesale dealers. Case-Laws Central Excise Thu, 14 Jan 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165847