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Cash discount

This query is : Resolved 
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(Querist)
29 August 2011 Whether excise duty is reversable on the cash discount given to the buyer once the sale has been made and credit already adjusted..
Please support ur answer with legal provisions.
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U S Sharma

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U S Sharma (Expert)
30 August 2011 once the assesseble value is put in invoice, no further discounts are permitted.
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