https://www.taxtmi.com/caselaws?id=166173 Central excise valuation under Section 4 permits only deductions that are statutorily recognised and directly linked to the buyer's sale price. Goods returned by buyers after clearance do not create an automatic deduction from exemption-limit clearance value, because the Act recognises only specific procedures such as repair or re-conditioning. Commission, cash discount, and bill discount paid to financiers, distributors, underwriters, or other third parties are not deductible unless they form part of the sale documentation and accrue to the buyer. The stated effect is that such deductions were inadmissible and the higher clearance value remained relevant for exemption and duty computation. en-us Thu, 04 Aug 1983 00:00:00 +0530 Wed, 27 Aug 2014 18:49:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166173 Central excise valuation under Section 4 permits only deductions that are statutorily recognised and directly linked to the buyer's sale price. Goods returned by buyers after clearance do not create an automatic deduction from exemption-limit clearance value, because the Act recognises only specific procedures such as repair or re-conditioning. Commission, cash discount, and bill discount paid to financiers, distributors, underwriters, or other third parties are not deductible unless they form part of the sale documentation and accrue to the buyer. The stated effect is that such deductions were inadmissible and the higher clearance value remained relevant for exemption and duty computation. Case-Laws Central Excise Thu, 04 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166173