https://www.taxtmi.com/caselaws?id=118751 Interest on receivables arising from delayed payment by buyers is treated as accruing after clearance of excisable goods and, on that basis, is not part of the assessable value. The fact that such interest is not separately shown in the invoice does not by itself justify denial of the deduction. Applying the governing Supreme Court principle and an earlier Tribunal view, the document states that interest on receivables in a credit sale remains a permissible deduction from assessable value. en-us Fri, 22 Jul 2005 00:00:00 +0530 Thu, 05 Jul 2012 14:45:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118751 Interest on receivables arising from delayed payment by buyers is treated as accruing after clearance of excisable goods and, on that basis, is not part of the assessable value. The fact that such interest is not separately shown in the invoice does not by itself justify denial of the deduction. Applying the governing Supreme Court principle and an earlier Tribunal view, the document states that interest on receivables in a credit sale remains a permissible deduction from assessable value. Case-Laws Central Excise Fri, 22 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118751