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2018 (7) TMI 1188 - AT - Central ExciseValuation - inclusion of discounts in assessable value - Whether the discount allowed by the appellants/manufacturer to its authorized dealers in respect of “Demo Cars” whether the same have been rightly disallowed by the Courts below and added back in the assessable value? - Held that:- There is no element of advertisement in the discount given by the appellant company in clearance of the Demo Cars - further, the SCN are against the concept of transaction value under Section 4 of the Act. The discount has been given by the appellant in terms of the business policy, which was widely known as “Trade Discount” and they had also made adequate disclosures to the Revenue. The Trade Discount under dispute was known to all, prior to removal of the goods, and the same have also been given at the time of clearance. Accordingly, the same is permissible under Section 4 of the Act. Appeal allowed - decided in favor of appellant.
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