https://www.taxtmi.com/highlights?id=48887 Valuation - nature of pre-pay penalty towards foreclosure of credit facility (loan) - in the nature of interest or not - The charges which were collected towards the goods not actually lifted by the buyer were held not to be added to the value of the goods that were actually lifted by the buyer - In the case of services, which are intangible in nature the same principle cannot apply. en-us Mon, 26 Aug 2019 06:38:52 +0530 Mon, 26 Aug 2019 06:38:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48887 Valuation - nature of pre-pay penalty towards foreclosure of credit facility (loan) - in the nature of interest or not - The charges which were collected towards the goods not actually lifted by the buyer were held not to be added to the value of the goods that were actually lifted by the buyer - In the case of services, which are intangible in nature the same principle cannot apply. Highlights Service Tax Mon, 26 Aug 2019 06:38:52 +0530 https://www.taxtmi.com/highlights?id=48887