https://www.taxtmi.com/circulars?id=6934 Interest charged in bill discounting arrangements-described as delayed payment charges, interest on receivables, or credit charges-constitutes part of the price and must be included in the assessable value of goods. The Department has filed a review petition against a contrary judicial view and instructs assessing officers to raise demands or resort to provisional assessments while keeping them pending until disposal of the review petition, and to inform field formations and trade stakeholders. en-us Wed, 04 May 1988 00:00:00 +0530 Wed, 08 Jul 2009 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6934 Interest charged in bill discounting arrangements-described as delayed payment charges, interest on receivables, or credit charges-constitutes part of the price and must be included in the assessable value of goods. The Department has filed a review petition against a contrary judicial view and instructs assessing officers to raise demands or resort to provisional assessments while keeping them pending until disposal of the review petition, and to inform field formations and trade stakeholders. Circulars Central Excise Wed, 04 May 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6934