Supreme Court of India
Commissioner of Central Excise, New Delhi v. Vikram Detergent Ltd.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We are of the view that bank G charges being in the nature of post clearing expenses are deductible while calculating the assessable value of the goods.
Judgment, page 6
From the headnote
Excise Law: Central Excises and Salt Act, 1944: c Section 4(2f-Assessable value of goods-Bank charges and aunfi:ige discount-Deductibility of-Assessee engaged in packing of detergent powder received from manufacturer-After packing, goods were sold to wholesale buyers known as Redistribution Stockists-Assessee claimed deduction of damage. discount and bank charges on outstanding cheques from the price charged in arriving at the assessable value of the good~-Tribunal allowed the deduction-Validity of-Held: Dam11ge discount is to compensate the· buyer and, therefore, cannot be allowed as
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