https://www.taxtmi.com/caselaws?id=751790 Contemporaneous fax and e-mail communications, invoices, and remittance records established that the foreign supplier actually granted a 25% discount, despite an initial agreement referring to 17%. The department produced no evidence that payments exceeded invoice values, and the amended agreement supported retrospective application of the higher discount from 2001. On this material, the declared 25% discount had to be ed for valuation, and the disallowance of that discount was held unsustainable; the assessee therefore succeeded with consequential relief. en-us Mon, 15 Apr 2024 00:00:00 +0530 Thu, 25 Apr 2024 07:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751790 Contemporaneous fax and e-mail communications, invoices, and remittance records established that the foreign supplier actually granted a 25% discount, despite an initial agreement referring to 17%. The department produced no evidence that payments exceeded invoice values, and the amended agreement supported retrospective application of the higher discount from 2001. On this material, the declared 25% discount had to be ed for valuation, and the disallowance of that discount was held unsustainable; the assessee therefore succeeded with consequential relief. Case-Laws Customs Mon, 15 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751790