Quantity discount deductible in determination of assessable value

Urvashi Porwal

Brief of the Case

In the case of M/s Cipla Ltd. Vs. Commissioner of Central Excise, Mumbai-III, it was held that when goods are cleared to the customers at a discount, the assessable value for the purpose of assessment should be the value arrived at after giving the quantity discount and not the value at which the goods were cleared from factory to depot.

Facts of the Case

Please become a Premium member. If you are already a Premium member, login here to access the full content.