https://www.taxtmi.com/caselaws?id=41627 Section 4 excise valuation permits deduction of trade discount where the discount is part of the terms of sale or settled practice and is known to the purchaser at or before removal of the goods. The discount need not be uniform across all purchasers, and it is not disallowed merely because the concession is reflected after sale, so long as it is not based on extra-commercial considerations. Cash discount notified in the price list and linked to prompt or stipulated payment is also deductible when it forms part of the sale terms. The text states that both deductions were upheld on these principles. en-us Fri, 08 Mar 1985 00:00:00 +0530 Sat, 05 Jun 2010 09:58:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41627 Section 4 excise valuation permits deduction of trade discount where the discount is part of the terms of sale or settled practice and is known to the purchaser at or before removal of the goods. The discount need not be uniform across all purchasers, and it is not disallowed merely because the concession is reflected after sale, so long as it is not based on extra-commercial considerations. Cash discount notified in the price list and linked to prompt or stipulated payment is also deductible when it forms part of the sale terms. The text states that both deductions were upheld on these principles. Case-Laws Central Excise Fri, 08 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41627