1997 (10) TMI 153 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi ruled in favor of the appellant regarding the admissibility of cash discounts at two different rates. The Collector's belief that cash discount for advance payment amounted to interest was not upheld as there was no clear nexus established between advance payment and the assessable value of the goods. The appeal succeeded, and lower orders were set aside.