https://www.taxtmi.com/caselaws?id=40793 The Court interpreted Section 4 of the Central Excises and Salt Act, 1944, ruling in favor of the Petitioner, a Limited Company. The Court held that the trade discount should be deducted for excise duty valuation even for goods used internally, rejecting the Union Government's contention that the discount could only apply to goods sold to outsiders. The Court quashed the revisional order and demands, emphasizing that excise duty valuation should consider the normal price at which goods are sold, irrespective of their end use. The Petitioner was allowed to deduct the trade discount for excise duty purposes under Section 4 of the Act. en-us Wed, 04 Jul 1979 00:00:00 +0530 Fri, 14 May 2010 17:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40793 The Court interpreted Section 4 of the Central Excises and Salt Act, 1944, ruling in favor of the Petitioner, a Limited Company. The Court held that the trade discount should be deducted for excise duty valuation even for goods used internally, rejecting the Union Government's contention that the discount could only apply to goods sold to outsiders. The Court quashed the revisional order and demands, emphasizing that excise duty valuation should consider the normal price at which goods are sold, irrespective of their end use. The Petitioner was allowed to deduct the trade discount for excise duty purposes under Section 4 of the Act. Case-Laws Central Excise Wed, 04 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40793