2006 (1) TMI 492

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....Advocate, for the Appellant. Shri S.S. Bhagat, SDR, for the Respondent. [Order per : Chittaranjan Satapathy, Member (T)]. - Heard both sides. The dispute in this case is whether prompt payment cash discount is a permissible deduction from the assessable value under Section 4 of the Central Excise Act, 1944. Both sides agree that in respect of cases where such discount has actually been av....

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....t has been held that such prompt payment cash discount is admissible for deduction irrespective of whether each customer availed of it or not. He further states that this decision of the Hon'ble Bombay High Court was followed in the case of CCE, Bangalore v. H & R Johnson (India) Ltd. - 1999 (112) E.L.T. 65 (Tri.) by the Tribunal and a Civil Appeal against the same has been dismissed by the Hon'bl....