Section 21(3)

Subject to subsection (2) above, where— the value of the goods shall be taken for the purposes of this Act to be reduced by the amount of the discount. goods are imported ... for a consideration which is or includes a price in money payable as on the transfer of property; the terms on which those goods are so imported allow a discount for prompt payment of that price; those terms do not include provision for payment of that price by instalments; and payment of that price is made in accordance with those terms so that the discount falls to be allowed,

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Source: legislation.gov.uk · retrieved 2026-07-28