Supreme Court · 2001 INSC 29 · Decided 16 January 2001
Commissioner of Central Excise, New Delhi v. Vikram Detergent LTD.
- Court
- Supreme Court of India
- Citation
- 2001 INSC 29 · [2001] 1 S.C.R. 392
- Case number
- CIVIL APPEAL No. 2579/2000
- Decided
- 16 January 2001
- Bench
- S.P. BHARUCHA, DORAISWAMY RAJU, RUMA PAL (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
OF CENTRAL EXCISE, NEW DELHI v. VIKRAM DETERGENT LTD. JANUARY 16, 2001 B [S.P. BHARUCHA, DORAISWAMY RAJU AND RUMA PAL, JJ.) Excise Law: Central Excises and Salt Act, 1944: c Section 4(2f-Assessable value of goods-Bank charges and aunfi:ige discount-Deductibility of-Assessee engaged in charges on outstanding cheques from the price D charged in arriving at the assessable value of the good~-Tribunal allowed the deduction-Validity of-Held: Dam11ge discount is to compensate the· buyer and, therefore, cannot be allowed as deduction-However, bank charges being in the nature
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