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2011 (6) TMI 548 - CESTAT, MUMBAIDisallowance of deduction on account of cash discount - appellants are not contesting the demands confirmed for the period after 01/07/2000 but they are contesting the confirmation of demands for the period prior to 01/07/2000 and submitted that prior to 01/07/2000 the appellants are entitled for deduction on account of cash discount from the assessable value as per the old valuation rules – Held that:- In the case of H & R Johnson (India) Ltd. (1999 - TMI - 91407 - CEGAT, MADRAS - Central Excise), the Hon'ble apex court has held that the cash discount is deductible from the assessable value across the board and is not restricted only to those transactions where the individual buyers have availed of the discount. appellants are entitled for deduction on account of cash discount from the assessable value for the period prior to 01/07/2000 and is not entitled for the deduction on account of cash discount from the assessable value for the period post 01/07/2000. appeal is disposed of by way of remand.
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