https://www.taxtmi.com/caselaws?id=50195 A 2% discount allowed only to buyers who paid before delivery was treated as a cash discount for valuation purposes because it applied to cash-and-carry transactions rather than credit sales. Its deductibility did not depend on every buyer availing it, and its label as an advance payment discount did not change its legal character. The discount was therefore admissible and deductible from assessable value, and the Revenue's challenge failed. en-us Wed, 19 Apr 2000 00:00:00 +0530 Fri, 20 Aug 2010 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50195 A 2% discount allowed only to buyers who paid before delivery was treated as a cash discount for valuation purposes because it applied to cash-and-carry transactions rather than credit sales. Its deductibility did not depend on every buyer availing it, and its label as an advance payment discount did not change its legal character. The discount was therefore admissible and deductible from assessable value, and the Revenue's challenge failed. Case-Laws Central Excise Wed, 19 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50195