https://www.taxtmi.com/caselaws?id=1788 Trade discount is allowable where it reflects the normal and uniform wholesale practice for the relevant class of sales, even if a small group of buyers receives a different rate; the 20% discount was therefore accepted. Abatement for retail clearances was also admissible because the valuation rule permitted reduction from retail price to the wholesale price at arm's length, and denial was unwarranted where the factory-gate wholesale price was ascertainable. Depot price could not be used as the assessable value merely because some goods were transferred through depots; when the ex-factory wholesale price is available, valuation must rest on that price. en-us Tue, 14 Aug 2007 00:00:00 +0530 Tue, 15 Apr 2008 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1788 Trade discount is allowable where it reflects the normal and uniform wholesale practice for the relevant class of sales, even if a small group of buyers receives a different rate; the 20% discount was therefore accepted. Abatement for retail clearances was also admissible because the valuation rule permitted reduction from retail price to the wholesale price at arm's length, and denial was unwarranted where the factory-gate wholesale price was ascertainable. Depot price could not be used as the assessable value merely because some goods were transferred through depots; when the ex-factory wholesale price is available, valuation must rest on that price. Case-Laws Central Excise Tue, 14 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1788