1998 (7) TMI 255

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.... Shri K. Srivastava, SDR, for the Respondent. [Order per : Justice U.L. Bhat, President]. -  Appellant, engaged in the manufacture of water meters, was supplying major part of the goods to Government Departments and small part to wholesale dealers, passing on trade discount to such wholesale dealers. Appellant was following invoice price procedure in terms of Notification 120/75 and w....

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....back since the appellant was not liable to and did not pay interest on the amount of deposit received from the dealers. A statement of trade discount allowed to dealers and security deposit received from dealers during the year 1984-85 was produced along with the reply to the show cause notice (seen at pages 12 and 13 of the paper book). It shows that the appellant had 12 dealers to whom trade dis....