https://www.taxtmi.com/caselaws?id=92887 Interest on receivables was treated as a deductible element and excluded from the assessable value. Bank charges for realisation of sale proceeds and discount allowed for transit damage were also accepted as deductible in principle. However, because the factual position regarding bank charges had not been examined by the lower authorities, that item required verification before final relief could be granted, and the matter was remanded for factual determination. The stated principle was that amounts not forming part of the assessable value are deductible, but unresolved factual foundations may require remand before deduction is finally allowed. en-us Thu, 12 Mar 1998 00:00:00 +0530 Sat, 05 Nov 2011 17:35:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92887 Interest on receivables was treated as a deductible element and excluded from the assessable value. Bank charges for realisation of sale proceeds and discount allowed for transit damage were also accepted as deductible in principle. However, because the factual position regarding bank charges had not been examined by the lower authorities, that item required verification before final relief could be granted, and the matter was remanded for factual determination. The stated principle was that amounts not forming part of the assessable value are deductible, but unresolved factual foundations may require remand before deduction is finally allowed. Case-Laws Central Excise Thu, 12 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92887