1997 (10) TMI 153

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..... . Joglekar, Member (T)]. In their various price lists the appellants had claimed that 3% cash discount would be given by them to the buyers. On certain grounds, the price lists were provisionally approved. At the time of final approval, it was shown to the Assistant Collector that cash discount given was at two rates namely 3% and 5%. The Assistant Collector did not allow the higher rate of .....

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..... payment against delivery. There is no doubt that cash discount at variable rates are admissible depending upon the circumstances under which the payment is made. The Assistant Collector is on record to the effect that the evidence had been produced before him that discount had been extended under two different rates. The order of the Assistant Collector is of finalisation of the price lists. This .....

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..... it. We have examined this submission. For the notional interest at such advance payment to be included in the assessable value, firstly it would have to be established that there is clear nexus between the advance payment and price at which the goods are offered to be sold; and secondly, a specific allegation to this effect would have to be made in the Show Cause Notice. In the proceedings before .....

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