https://www.taxtmi.com/caselaws?id=240787 The Tribunal held that 'ground rent' charged by the Respondent was for delayed payment, not storage charges, and therefore should not be included in the assessable value for Central Excise duty. Relying on the terms of the sale agreement and precedent cases, the Tribunal concluded that the amount constituted interest on receivables. The Tribunal dismissed the Revenue's appeal and upheld the Commissioner (Appeals) decision, determining that the 'ground rent' was not includible in the assessable value for Central Excise duty. en-us Fri, 03 May 2013 00:00:00 +0530 Mon, 30 Dec 2013 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240787 The Tribunal held that 'ground rent' charged by the Respondent was for delayed payment, not storage charges, and therefore should not be included in the assessable value for Central Excise duty. Relying on the terms of the sale agreement and precedent cases, the Tribunal concluded that the amount constituted interest on receivables. The Tribunal dismissed the Revenue's appeal and upheld the Commissioner (Appeals) decision, determining that the 'ground rent' was not includible in the assessable value for Central Excise duty. Case-Laws Central Excise Fri, 03 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240787