https://www.taxtmi.com/caselaws?id=346453 Trade discount is deductible in determining assessable value even when it is not uniformly granted to all buyers, so long as it reflects normal wholesale trade practice and is not based on extra-commercial considerations. On that principle, extra trade discount and additional trade discount claimed for retail sale clearances were held admissible as deductions from the wholesale price. The Tribunal accepted that special trade discounts granted on business considerations remain permissible deductions, and the Revenue's challenge failed. en-us Tue, 02 May 2017 00:00:00 +0530 Wed, 16 Aug 2017 08:27:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346453 Trade discount is deductible in determining assessable value even when it is not uniformly granted to all buyers, so long as it reflects normal wholesale trade practice and is not based on extra-commercial considerations. On that principle, extra trade discount and additional trade discount claimed for retail sale clearances were held admissible as deductions from the wholesale price. The Tribunal accepted that special trade discounts granted on business considerations remain permissible deductions, and the Revenue's challenge failed. Case-Laws Central Excise Tue, 02 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346453