https://www.taxtmi.com/caselaws?id=269854 In excise valuation, a credit-sale price that is higher than the cash-sale price may reflect an embedded financing element. Where the record shows that the difference between cash and credit pricing represents interest on receivables or the credit period component built into the price, that element cannot be ignored in computing assessable value. A Tribunal's view that no separate interest was shown to have been recovered was held unsustainable where the evidence supported the claimed deduction and the contrary finding was contrary to the record. The deduction for interest on receivables was therefore allowable, and the demand based on its rejection could not stand. en-us Fri, 06 Nov 2015 00:00:00 +0530 Thu, 04 Feb 2016 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269854 In excise valuation, a credit-sale price that is higher than the cash-sale price may reflect an embedded financing element. Where the record shows that the difference between cash and credit pricing represents interest on receivables or the credit period component built into the price, that element cannot be ignored in computing assessable value. A Tribunal's view that no separate interest was shown to have been recovered was held unsustainable where the evidence supported the claimed deduction and the contrary finding was contrary to the record. The deduction for interest on receivables was therefore allowable, and the demand based on its rejection could not stand. Case-Laws Central Excise Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269854