https://www.taxtmi.com/caselaws?id=333630 A pre-declared discount on direct sales to dealers was deductible from assessable value as a genuine trade discount because the sale terms were concluded in the agreement and reflected in invoices and credit notes. Amounts paid to dealer-agents for arranging sales to third parties were not deductible, as they constituted commission or incentive rather than a discount on sale of goods. The extended period of demand was not available where declarations and returns were regularly filed and the relevant sales pattern and agreements were already disclosed to the Department; consequential penalties also failed on that basis. en-us Tue, 09 Aug 2016 00:00:00 +0530 Wed, 07 Feb 2018 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333630 A pre-declared discount on direct sales to dealers was deductible from assessable value as a genuine trade discount because the sale terms were concluded in the agreement and reflected in invoices and credit notes. Amounts paid to dealer-agents for arranging sales to third parties were not deductible, as they constituted commission or incentive rather than a discount on sale of goods. The extended period of demand was not available where declarations and returns were regularly filed and the relevant sales pattern and agreements were already disclosed to the Department; consequential penalties also failed on that basis. Case-Laws Central Excise Tue, 09 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333630