https://www.taxtmi.com/caselaws?id=44513 Turnover discount granted under a sales policy is deductible from assessable value under excise law when it is structured on a slab basis, known to dealers at the time of sale, and adjusted in the ordinary course of trade through credit notes or refund adjustments; it is not treated as a refundable discount within the statutory exclusion. Where the nature and character of an additional discount are not finally established on the record, further factual ascertainment is required before deductibility can be determined, and the issue must be remitted for fresh consideration in accordance with law. en-us Tue, 11 Mar 1997 00:00:00 +0530 Thu, 01 Sep 2016 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44513 Turnover discount granted under a sales policy is deductible from assessable value under excise law when it is structured on a slab basis, known to dealers at the time of sale, and adjusted in the ordinary course of trade through credit notes or refund adjustments; it is not treated as a refundable discount within the statutory exclusion. Where the nature and character of an additional discount are not finally established on the record, further factual ascertainment is required before deductibility can be determined, and the issue must be remitted for fresh consideration in accordance with law. Case-Laws Central Excise Tue, 11 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44513