Discount known prior to clearance of goods must be deducted from Transaction Value

Rasu Sharma ACTUAL AMOUNT THAT THE BUYER IS LIABLE TO PAY AT THE TIME OF SALE OR AT ANY OTHER TIME SHALL BE THE TRANSACTION VALUE: CESTAT – MUMBAI 1. Brief Facts of the Case: 1.1 In this case, the Appellant are the manufacturer of P & P Medicines falling under sub-heading No. 3003.10 of the Schedule to the Central Excise Tariff Act, 1985. They cleared their excisable goods first to depot and while selling goods through distributors, they have given quantity discount. 1.2 The Revenue objected and disallowed quantity discount on the ground that the quantity discount scheme should be...