2003 (8) TMI 78

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....pondent to this appeal, imported 21 tons of aluminium foil coated with bitumen. In the bill of entry that it presented for clearance of the goods, it declared the CIF value to be US $ 65,157.06. It has noted that the invoice accompanying the goods issued by Isoltema S.P.A., Italy, gave a discount of 70% on unit price of the goods. Following issue of notice on the ground that this discount was abno....

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....he discount is abnormal and there is no specific discount schedule. The appeal however does not cite anything to show that this discount is not in the nature of commercial discount, in that it is not uniformly extended. The fact that the price list of the supplier does not specifically mention this discount does not lead automatically to its rejection. What has to be seen is whether in actual prac....