https://www.taxtmi.com/caselaws?id=2771 Interest paid by the buyer to its bankers under an independent bill marketing arrangement was not includible in the assessable value for central excise where the seller received only the discounted sale price and had no role in, or benefit from, the financing. The transaction value remained the net price actually realised by the seller, and Board circulars confirmed that a separately disclosed cash discount for immediate or prompt payment reduces the assessable value to that net amount. On that basis, the buyer-paid bank interest could not form part of the value of the goods, and the demand and penalties were unsustainable. en-us Mon, 03 Sep 2007 00:00:00 +0530 Wed, 16 Apr 2008 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2771 Interest paid by the buyer to its bankers under an independent bill marketing arrangement was not includible in the assessable value for central excise where the seller received only the discounted sale price and had no role in, or benefit from, the financing. The transaction value remained the net price actually realised by the seller, and Board circulars confirmed that a separately disclosed cash discount for immediate or prompt payment reduces the assessable value to that net amount. On that basis, the buyer-paid bank interest could not form part of the value of the goods, and the demand and penalties were unsustainable. Case-Laws Central Excise Mon, 03 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2771