https://www.taxtmi.com/caselaws?id=280146 Discounts disclosed to the Department and buyers before clearance of goods were held deductible from assessable value. The record showed that the assessee had filed price declarations reflecting the discount structure, and the discounts were known prior to removal. On the documents examined, the abatements were also found to have been actually passed on to customers, so the finding that they were not passed on was unsupported by evidence. As the trade, cash, and volume discounts satisfied the requirement of prior disclosure and actual passing on, disallowance of the abatements, and the consequential duty, interest, and penalties, could not be sustained. en-us Tue, 10 Jul 2018 00:00:00 +0530 Tue, 23 Apr 2019 06:16:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280146 Discounts disclosed to the Department and buyers before clearance of goods were held deductible from assessable value. The record showed that the assessee had filed price declarations reflecting the discount structure, and the discounts were known prior to removal. On the documents examined, the abatements were also found to have been actually passed on to customers, so the finding that they were not passed on was unsupported by evidence. As the trade, cash, and volume discounts satisfied the requirement of prior disclosure and actual passing on, disallowance of the abatements, and the consequential duty, interest, and penalties, could not be sustained. Case-Laws Central Excise Tue, 10 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280146