https://www.taxtmi.com/caselaws?id=46513 The Supreme Court upheld the decision of the Customs, Excise and Gold (Control) Appellate Tribunal, ruling against the deductibility of the differential discount in assessing the excisable value of goods sold to sub-stockists. The Court determined that the discount passed on to stockists cannot be considered a discount to sub-stockists, emphasizing their distinct wholesale purchaser status. The differential discount was deemed impermissible under the trade discount clause and not considered a commission to stockists. As a result, the appeals were dismissed, affirming the disallowance of the deduction in computing the excisable value of tractors sold to sub-stockists. en-us Wed, 12 Mar 2003 00:00:00 +0530 Fri, 20 Nov 2015 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46513 The Supreme Court upheld the decision of the Customs, Excise and Gold (Control) Appellate Tribunal, ruling against the deductibility of the differential discount in assessing the excisable value of goods sold to sub-stockists. The Court determined that the discount passed on to stockists cannot be considered a discount to sub-stockists, emphasizing their distinct wholesale purchaser status. The differential discount was deemed impermissible under the trade discount clause and not considered a commission to stockists. As a result, the appeals were dismissed, affirming the disallowance of the deduction in computing the excisable value of tractors sold to sub-stockists. Case-Laws Central Excise Wed, 12 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46513