https://www.taxtmi.com/caselaws?id=333059 A pre-declared turnover discount communicated in advance and applied under a genuine commercial scheme was treated as deductible from assessable value, including where quantification occurred at year-end and where the benefit extended to non-performing dealers. On finalisation of provisional assessment, excess duty paid could be adjusted against any short payment within the final assessment exercise, and a separate refund claim was not required. The commentary thus confirms that advance-intimated trade discounts linked to turnover and final set-off of provisional duty payments are permissible when supported by the scheme and governing precedent. en-us Wed, 17 Aug 2016 00:00:00 +0530 Fri, 18 Aug 2017 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333059 A pre-declared turnover discount communicated in advance and applied under a genuine commercial scheme was treated as deductible from assessable value, including where quantification occurred at year-end and where the benefit extended to non-performing dealers. On finalisation of provisional assessment, excess duty paid could be adjusted against any short payment within the final assessment exercise, and a separate refund claim was not required. The commentary thus confirms that advance-intimated trade discounts linked to turnover and final set-off of provisional duty payments are permissible when supported by the scheme and governing precedent. Case-Laws Central Excise Wed, 17 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333059