1998 (11) TMI 431

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..../Shri Kamal Parasurampuria with Ajay Sethi, Advocates, for the Respondent. [Order per : K.S. Venkataramani, Vice President]. - The Commissioner of Central Excise, Mumbai-II has filed this appeal against the order of the Commissioner of Central Excise (Appeals), Mumbai. The issue relates to valuation of the goods manu­factured by the respondents for the purpose of assessment under Section....

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....ll be payable although the discount was in fact quantified and paid at the end of the year. The availability of discount and its nature being known, the Commissioner (Appeals) held, following the Supreme Court judgment of Bombay Tyres International - 1983 (14) E.L.T. 1896 and that discount is admissible. Similarly, the Com­missioner (Appeals) held that cash discount as claimed, should be permi....

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....re res integra, and is covered by the Supreme Court judgment in the case of Bombay Tyres International Ltd. - 1984 (17) E.L.T. 329 and 1983 (14) E.L.T. 1896 and this has been reiterated in the subsequent Supreme Court judgment G.O.I. v. MRF Ltd. 1995 (77) E.L.T. 433. In the MRF judgment, the Supreme Court followed the Bombay Tyres International decision and turnover discount known at the time of t....