Supreme Court of India · 2002-05-01
Commissioner Of C. Ex., Chandigarh vs I.P.F. Vikram India Ltd.
- Citation / case number
- AIRONLINE 2002 SC 629
- Court
- Supreme Court of India
- Petitioner
- Commissioner Of C. Ex., Chandigarh
- Respondent
- I.P.F. Vikram India Ltd.
- Bench
- S.P. Bharucha, N. Santosh Hegde, Shivaraj V. Patil
Judgment text excerpt
The Supreme Court addressed disputes regarding the deductibility of damage discounts and quantity discounts in central excise assessments. The Court ruled that the issue of damage discounts is settled against the assessee based on established precedents. However, the issue regarding quantity discounts was remanded to the Tribunal for fresh consideration and evidence.