1998 (8) TMI 305

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....rder per : V.K. Agrawal, Member (T)]. - M/s. Leader Engg. Works filed refund claim for Rs. 4,62,647.04 and supplementary claim for Rs. 14,124.10, received by the Assistant Collector on 17-9-1993 and 27-9-1993 respectively claiming refund on account of annual turnover discount allowed to their customers during 1992-93. The Assistant Collector, under order dated 24-7-1994 rejected the claim as tim....

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....ted in their appeal memorandum that the turnover discount, which was calculated at the close of the financial year, was passed on to the distributors/stockists through credit notes; that six months period has to be taken from the date of issue of credit notes i.e. 31-3-1993 and accordingly the refund claims were within the limitation period of six months; that discount has been allowed as per the ....