direct-Some goods sold also to wholesalers at 22
per cent trade discount-Duty whether to be levied on
'wholesale cash price ... trade discount. On the round that there was no evidence to
show that the discount allowed was 'trade discount' within
the meaning
India shall be determined by excluding intra-group sales, indirect taxes, trade discounts and all amounts generated through assets or business from customers outside India ... value of copyright, patent, permitted use, collective mark, registered proprietor, registered trade mark, registered user, homonymous geographical indication, geographical indications, design or layout-design
Central Excise and Salt Act, 1944 , Section 4-Trade
discount or allowance-Whether Commissions allowed to selling
agents under an agreement an agreement ... trade
discounts"-Whether the fertilizers manufactured by the
appellant fall within the meaning of "mixed fertilizers"
entitling exemption from excise duty, under
contend that having regard to the uniform
canons regulating the trade practice, a trade discount though in
comprehension at the time of original sale ... from the
sale price were alluded to:
“(1) Trade discounts – Discounts allowed in the trade (by whatever
name such discount is described) should be allowed
qualify as a trade discount,
the discount should not be refundable on any account whatsoever,"Wholesale
trade" means sales to dealers, industrial consumers ... direction regarding posting the matters]:
"7. Trade Discounts. - Discounts allowed in the trade (by whatever name
such discount is described) should be allowed
deductible in arriving
at assessable value.
Trade discount-Discount given to distributors providing
after sales service-Also discount given to wholesalers not
providing after sales ... party on a discount advised by the
area dealers and the
89
balance discount out of the total 30% discount
is passed on thereafter
selling
price described as "the basic selling price" less trade
discount of 18%. The wholesalers in turn sold the product
to large consumers ... basis, trade discount of 10% should have been allowed as
that was the discount given by ICI to the distributors.
Trade discount of 21% given
allegation that although the petitioner had allowed trade discount of 15% to advertising agencies in the assessment years in question but had failed to deduct ... advertisements received in accordance with the established trade practice and allowing of trade discount cannot be termed as commission paid by the petitioner
turnover" recognises
discounts other than cash discount and provides that those other discounts
too like the cash discount shall not be included ... deductible from the sale price:
"(1) Trade discounts - Discounts allowed in the trade (by
whatever name such discount is described) should be allowed
Warranty discount. A tyre being sold as a "seconds" or
"defective" would be sold at a discount, such discount being
known ... product discounts. This head com-
prises of 3 tyres of discounts:
(1) Prompt Payment Discount
(2) Year Ending Discount
(3) Campaign Discount
13. We deal
