https://www.taxtmi.com/caselaws?id=120078 The appeal for refund of duty based on the exclusion of interest on receivables from assessable value was dismissed. The appellant had not actually collected interest from buyers for delayed payments, leading to the rejection of the claim. It was held that to exclude interest from the assessable value, the appellant should have collected such interest from buyers. The decision in the case of M/s. MRF Ltd. was found not applicable, while the decision in Castrol India Ltd. v. CCE, Trichy was accepted, leading to the dismissal of the appeal for refund. en-us Tue, 29 Aug 2006 00:00:00 +0530 Mon, 16 Jul 2012 16:08:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120078 The appeal for refund of duty based on the exclusion of interest on receivables from assessable value was dismissed. The appellant had not actually collected interest from buyers for delayed payments, leading to the rejection of the claim. It was held that to exclude interest from the assessable value, the appellant should have collected such interest from buyers. The decision in the case of M/s. MRF Ltd. was found not applicable, while the decision in Castrol India Ltd. v. CCE, Trichy was accepted, leading to the dismissal of the appeal for refund. Case-Laws Central Excise Tue, 29 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120078