https://www.taxtmi.com/caselaws?id=41689 For excise valuation under Section 4 of the Central Excises and Salt Act, 1944, genuine trade discount remains deductible even where rates are not uniform across purchasers, because the governing test is whether the discount is bona fide and free from extra-commercial considerations; the Department cannot deny deduction merely for lack of uniformity. Cash discount is likewise deductible where it is disclosed in the price list and known to the purchaser at or before removal, even if actually allowed after sale or not shown as an immediate invoice deduction. Both discounts must be excluded from assessable value on the facts stated. en-us Fri, 08 Mar 1985 00:00:00 +0530 Sat, 05 Jun 2010 13:17:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41689 For excise valuation under Section 4 of the Central Excises and Salt Act, 1944, genuine trade discount remains deductible even where rates are not uniform across purchasers, because the governing test is whether the discount is bona fide and free from extra-commercial considerations; the Department cannot deny deduction merely for lack of uniformity. Cash discount is likewise deductible where it is disclosed in the price list and known to the purchaser at or before removal, even if actually allowed after sale or not shown as an immediate invoice deduction. Both discounts must be excluded from assessable value on the facts stated. Case-Laws Central Excise Fri, 08 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41689