2006 (6) TMI 37 - AT - Central Excise

Central Excise Assessable value - Trade discount Appellants claim that amount realized by intermediary from State Bank of India is in the nature of trade discount, rejected Deduction cannot be claimed as trade discount

Summary

The Appellate Tribunal in Mumbai upheld the decision rejecting the appellants' claim for deduction on cheque printing paper, ruling that the discount paid to Himalaya Paper Co. cannot be claimed as a trade discount as it was not known to the actual customer, State Bank of India. The deduction was denied as the discount was not known at the time of clearance of the goods.