2011 (1) TMI 1316

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ellant. Shri S.R. Meena, DR, for the Respondent. ORDER Heard both the sides. 2. The issue involved in this case is that the appellant clears goods from factory to the depot by paying duty on list price minus trade discount @ 37%. On sale from depot, the appellant gives discount @ 30% at the time of removal and balance 7% is given at the year end. The Revenue is not disputing the fact that....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ice for arriving at assessable value is a matter well settled by the Hon'ble Supreme Court in various cases starting with Union of India & Others v. Bombay Tyre International reported in 1984 (17) E.L.T. 329 (S.C.) and more clearly affirmed in Government of India v. Madras Rubber Factory Ltd. reported in 1995 (77) E.L.T. 433 (S.C.). 4. From the very nature of turnover discount, it is very cl....