1999 (8) TMI 383 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai ruled in favor of the appellants who manufactured solenoid valves, allowing them to claim trade discounts on the price list filed in part II. The Tribunal found that the possibility of extending discounts to different classes of buyers was not excluded, and the deductibility of discounts was permissible as per the prescribed proforma under the Act and Rules. The appeals were allowed with consequential relief.