Wednesday 28 January 2015

Turnover/cash discount is deductible in computing excisable value even if it isn't shown in invoice

Excise & Customs : It is a fact that turnover discounts and cash discounts cannot always be shown in invoice as these discounts are worked out on basis of turnover or on basis of promptness of payment; therefore, their non-mention in invoice cannot be a criterion for disallowing same


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