https://www.taxtmi.com/caselaws?id=107544 Interest on receivables and collection charges were treated as post-manufacturing expenses deductible from the assessable value of packet tea, because the agreement had already stipulated interest on outstanding sales proceeds in advance. The liability to pay interest was therefore known beforehand, and deduction could not be refused on the ground that the expenditure was not pre-known. The claim was stated to be covered by the Supreme Court authority relied on by the appellant, so the denial of relief was incorrect and the deduction was allowable. en-us Tue, 13 May 2003 00:00:00 +0530 Fri, 23 Mar 2012 13:01:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107544 Interest on receivables and collection charges were treated as post-manufacturing expenses deductible from the assessable value of packet tea, because the agreement had already stipulated interest on outstanding sales proceeds in advance. The liability to pay interest was therefore known beforehand, and deduction could not be refused on the ground that the expenditure was not pre-known. The claim was stated to be covered by the Supreme Court authority relied on by the appellant, so the denial of relief was incorrect and the deduction was allowable. Case-Laws Central Excise Tue, 13 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107544