https://www.taxtmi.com/caselaws?id=110260 Amounts collected as post-removal expenses for delayed payment were treated as interest-related costs for extending credit, not part of the assessable value. The buyer communications, purchase orders, billing pattern, and refund practice where payment was made before expiry of the credit period supported this characterisation, and the accounting description used for the receipts was held to be irrelevant. Additional interest for further delay was separately recovered by debit notes, reinforcing that the amount was compensation for receivables rather than a pricing element. The amount was therefore not liable to be added to the assessable value. en-us Tue, 16 Dec 2003 00:00:00 +0530 Sat, 14 Apr 2012 13:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110260 Amounts collected as post-removal expenses for delayed payment were treated as interest-related costs for extending credit, not part of the assessable value. The buyer communications, purchase orders, billing pattern, and refund practice where payment was made before expiry of the credit period supported this characterisation, and the accounting description used for the receipts was held to be irrelevant. Additional interest for further delay was separately recovered by debit notes, reinforcing that the amount was compensation for receivables rather than a pricing element. The amount was therefore not liable to be added to the assessable value. Case-Laws Central Excise Tue, 16 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110260