Supreme Court of India
M/s. Purolator India Ltd. v. Commissioner of Central Excise Delhi-ill
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 hold that this claim has been rightly allowed by the Assistant Collector.
Judgment, page 20
From the headnote
Central Excise Act, 1944: s.4 (as amended in 2000) - c Sales Tax, Cash Discount, Volume Discount - Whether • deductible for arriving at assessable value - Held: Cash discount is deductible from the sale price in order to arrive at the value of excisable goods at the time of removal of goods - However, issue as to Volume Discount and Sales Tax, matter was rightly remitted back by the Tribunal. Disposing of the appeal, the Court HELD: 1. It can be seen that the common thread run- ning through Section 4, whether it is prior to 1973, after the amendment in 1973, or after the amendment of 2000, is
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