https://www.taxtmi.com/caselaws?id=212179 The Hon'ble Supreme Court remanded the case to ascertain the claim of receivables based on the time lapse between the delivery of goods and realization of money. Despite a clear directive, the authorities failed to implement the judgment effectively. The appellant successfully argued for deduction on the actual basis of interest receivable on each invoice, emphasizing the time-related and value-based nature of interest. The Tribunal ruled in favor of allowing deduction on the actual basis for each invoice without applying an average rate, following the Apex Court's directive to reduce litigation and determine admissibility of deductions. The appeal of the appellant was allowed, setting aside the order of the appellate authority below. en-us Wed, 25 May 2011 00:00:00 +0530 Wed, 11 Apr 2012 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212179 The Hon'ble Supreme Court remanded the case to ascertain the claim of receivables based on the time lapse between the delivery of goods and realization of money. Despite a clear directive, the authorities failed to implement the judgment effectively. The appellant successfully argued for deduction on the actual basis of interest receivable on each invoice, emphasizing the time-related and value-based nature of interest. The Tribunal ruled in favor of allowing deduction on the actual basis for each invoice without applying an average rate, following the Apex Court's directive to reduce litigation and determine admissibility of deductions. The appeal of the appellant was allowed, setting aside the order of the appellate authority below. Case-Laws Central Excise Wed, 25 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212179