https://www.taxtmi.com/caselaws?id=50732 Prompt payment or cash discount, when provided for under a known contractual and trade scheme, is deductible from assessable value under excise valuation principles. The discount is not disallowed merely because some buyers do not pay within the stipulated period or because delayed payments occur in individual cases. The settled position recognised the discount as an admissible abatement across the board, and the Revenue's attempt to add it back to assessable value was rejected. en-us Wed, 10 Jan 2001 00:00:00 +0530 Fri, 03 Sep 2010 10:12:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50732 Prompt payment or cash discount, when provided for under a known contractual and trade scheme, is deductible from assessable value under excise valuation principles. The discount is not disallowed merely because some buyers do not pay within the stipulated period or because delayed payments occur in individual cases. The settled position recognised the discount as an admissible abatement across the board, and the Revenue's attempt to add it back to assessable value was rejected. Case-Laws Central Excise Wed, 10 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50732