Discountable - Law Dictionary Search Results
Home Dictionary Name: discountable Page: 2Discounter
One who discounts a discount broker...
bank discount
bank discount : the interest that is discounted in advance on a note and computed on the face value of the note ...
discount bond
discount bond see bond ...
discount rate
discount rate 1 : the interest on an annual basis deducted in advance on a loan 2 : the interest levied by the Federal Reserve for advances and rediscounts ...
discount share
discount share : a share of corporate stock issued at less than par value ...
Bank discount
A sum equal to the interest at a given rate on the principal face of a bill or note from the time of discounting until it becomes due...
Discount
To deduct from an account debt charge and the like to make an abatement of as merchants sometimes discount five or six per cent for prompt payment of bills...
Quantity discount
Quantity discount, can be defined as a dealer receives from the assessee a stated extra quantity if he buys a certain other quantity, CCE v. Hindustan Lever Ltd., (2002) 10 SCC 545. [Central Excise Act; 1944, s. 4(4)(d)(ii)]...
Sale price
Sale price, 'Sale Price' means the amount payable to a dealer as consideration for the sale of any goods, less any sum allowed as cash discount according to the practice normally prevailing in the trade, but inclusive of any sum charged for anything done by the dealer in respect of the goods at the time of or before the delivery thereof other than the cost of freight or delivery of the cost of installation in case where such cost is separately charged and the expression 'purchase price' shall be construed accordingly, Shree Gopal Industries Ltd. v. State of Rajasthan, AIR 1971 SC 2054: (1971) 2 SCC 532.(ii) Under s. 4 of the Madhya Pradesh General Sales Tax Act, 1958 the liability to pay tax is that of the dealer. The purchaser has no liability to pay tax. There is no provision in the Act from which it can be gathered that the Act imposes any liability on the purchaser to pay the tax imposed on the dealer. If the dealer passes on his tax burden to his purchasers he can only do it by au...
Discompt
To discount See Discount...
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