1997 (10) TMI 153

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.... Shri M. Ali, JDR, for the Respondents. [Order per : J.H. Joglekar, Member (T)]. - In their various price lists the appellants had claimed that 3% cash discount would be given by them to the buyers. On certain grounds, the price lists were provisionally approved. At the time of final approval, it was shown to the Assistant Collector that cash discount given was at two rates namely 3% and 5....

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....he higher discount was offered not only for advance payment but also for payment against delivery. There is no doubt that cash discount at variable rates are admissible depending upon the circumstances under which the payment is made. The Assistant Collector is on record to the effect that the evidence had been produced before him that discount had been extended under two different rates. The orde....