https://www.taxtmi.com/caselaws?id=122449 The case involved disputes over the validity of deductions claimed for "Interest on Receivables" (I.O.R) by the applicant, sales made through an indenting agent, calculation of Central Excise duty, and immunity from penalties. The Commission denied the deduction for sales made through the agent, recalculated the duty payable, and required the applicant to pay an additional Central Excise duty of Rs. 3,12,771. However, the applicant was granted immunity from interest, penalty, and prosecution under the Central Excise Act, subject to no fraud or misrepresentation in the settlement. en-us Mon, 26 May 2003 00:00:00 +0530 Mon, 13 Aug 2012 17:24:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122449 The case involved disputes over the validity of deductions claimed for "Interest on Receivables" (I.O.R) by the applicant, sales made through an indenting agent, calculation of Central Excise duty, and immunity from penalties. The Commission denied the deduction for sales made through the agent, recalculated the duty payable, and required the applicant to pay an additional Central Excise duty of Rs. 3,12,771. However, the applicant was granted immunity from interest, penalty, and prosecution under the Central Excise Act, subject to no fraud or misrepresentation in the settlement. Case-Laws Central Excise Mon, 26 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122449