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 The appellants, manufacturer of P&P Medicines, were clearing the goods to their depot from where the said goods were sold to independent buyers. The appellants cleared certain goods to their depot during ...