https://www.taxtmi.com/caselaws?id=52492 The Tribunal upheld the eligibility of cash discounts and coin discounts as deductions from the sale price for determining the assessable value of goods under central excise duty. It emphasized that cash discounts for prompt payment should be deducted to obtain the transaction value at the time of delivery, as delayed payments incur financing costs that do not reflect the real value of goods at the time of removal. The appeal by the Revenue was dismissed, affirming the decision in favor of the manufacturer of adhesives. en-us Thu, 11 Dec 2003 00:00:00 +0530 Wed, 06 Oct 2010 11:24:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52492 The Tribunal upheld the eligibility of cash discounts and coin discounts as deductions from the sale price for determining the assessable value of goods under central excise duty. It emphasized that cash discounts for prompt payment should be deducted to obtain the transaction value at the time of delivery, as delayed payments incur financing costs that do not reflect the real value of goods at the time of removal. The appeal by the Revenue was dismissed, affirming the decision in favor of the manufacturer of adhesives. Case-Laws Central Excise Thu, 11 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52492