https://www.taxtmi.com/caselaws?id=40984 For valuation purposes, the real substance of the pricing arrangement governs assessable value, and a mere change in invoice description does not alter entitlement to a trade discount. The material period pricing was treated as the same in substance as the later arrangement of supplying 13 pieces for the price of 12, even though the invoice described the 13th piece as a "gift". On that basis, the invoice presentation was held not to affect assessable value, and the assessee was entitled to the discount. en-us Mon, 29 Jun 1981 00:00:00 +0530 Wed, 19 May 2010 11:35:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40984 For valuation purposes, the real substance of the pricing arrangement governs assessable value, and a mere change in invoice description does not alter entitlement to a trade discount. The material period pricing was treated as the same in substance as the later arrangement of supplying 13 pieces for the price of 12, even though the invoice described the 13th piece as a "gift". On that basis, the invoice presentation was held not to affect assessable value, and the assessee was entitled to the discount. Case-Laws Central Excise Mon, 29 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40984