https://www.taxtmi.com/caselaws?id=41824 Only trade discounts known at or before removal and forming part of the wholesale sale structure are deductible from assessable value; TAC/Warranty discount, year-end bonus, and campaign bonus were therefore excluded because they arose only after sale. Post-removal expenses such as interest on finished goods and receivables, as well as distribution cost at duty-paid depots and excise duty on processed tyre cord, were treated as allowable, while overriding commission and discounts to Government departments were disallowed. Different prices for distinct buyer classes, including Defence supplies, could constitute separate normal prices. In cum-duty pricing, assessable value had to be worked out after permissible deductions, and excise duty could not be deducted first as a fixed amount. en-us Sat, 20 Dec 1986 00:00:00 +0530 Fri, 08 Aug 2014 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41824 Only trade discounts known at or before removal and forming part of the wholesale sale structure are deductible from assessable value; TAC/Warranty discount, year-end bonus, and campaign bonus were therefore excluded because they arose only after sale. Post-removal expenses such as interest on finished goods and receivables, as well as distribution cost at duty-paid depots and excise duty on processed tyre cord, were treated as allowable, while overriding commission and discounts to Government departments were disallowed. Different prices for distinct buyer classes, including Defence supplies, could constitute separate normal prices. In cum-duty pricing, assessable value had to be worked out after permissible deductions, and excise duty could not be deducted first as a fixed amount. Case-Laws Central Excise Sat, 20 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41824