https://www.taxtmi.com/caselaws?id=45851 Damage discount claimed as a deduction under s. 4 of the Central Excises and Salt Act, 1944 was held inadmissible because it operated as compensation/warranty allowance for damage occurring after removal from the factory and therefore could not affect the assessable value determined at the time of clearance; the Tribunal's allowance was set aside. Bank charges for collection of sale proceeds, being post-clearance expenses akin to interest on receivables and not forming part of the price at removal, were held excludible from assessable value; the Tribunal's allowance was upheld. Appeals were partly allowed by disallowing damage discount and dismissed regarding bank charges. en-us Tue, 16 Jan 2001 00:00:00 +0530 Wed, 07 Jan 2026 13:13:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45851 Damage discount claimed as a deduction under s. 4 of the Central Excises and Salt Act, 1944 was held inadmissible because it operated as compensation/warranty allowance for damage occurring after removal from the factory and therefore could not affect the assessable value determined at the time of clearance; the Tribunal's allowance was set aside. Bank charges for collection of sale proceeds, being post-clearance expenses akin to interest on receivables and not forming part of the price at removal, were held excludible from assessable value; the Tribunal's allowance was upheld. Appeals were partly allowed by disallowing damage discount and dismissed regarding bank charges. Case-Laws Central Excise Tue, 16 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45851