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of <h1>Interest on Deferred Sales Tax Not an 'Additional Consideration' for Excise Duty, Says Finance Ministry Circular.</h1> The circular from the Ministry of Finance addresses the inclusion of interest on deferred sales tax in the assessable value for Central Excise duty. It clarifies that when sales tax payment is deferred as an incentive by the State Government, the interest earned on the retained sales tax by the manufacturer is not considered 'additional consideration' under the Central Excise Valuation Rules. Consequently, this interest should not be added to the assessable value for excise duty purposes. The circular instructs that this clarification be communicated to relevant field formations and trade entities.
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