https://www.taxtmi.com/caselaws?id=296740 The Tribunal ruled in favor of the appellants regarding the denial of deduction of interest on Sundry Debtors, remanding the matter for reconsideration by the original authority. The claim for deduction of purchase tax was not addressed as the appellants did not press this claim. Additionally, the Tribunal agreed to the appellants' request for recomputation of duty payable based on the admissibility of deduction for interest on receivables, waiving the duty deposit and staying the recovery of the amount. The Order-in-Appeal was modified to reflect these decisions. en-us Thu, 04 Nov 1999 00:00:00 +0530 Thu, 05 Aug 2021 12:02:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296740 The Tribunal ruled in favor of the appellants regarding the denial of deduction of interest on Sundry Debtors, remanding the matter for reconsideration by the original authority. The claim for deduction of purchase tax was not addressed as the appellants did not press this claim. Additionally, the Tribunal agreed to the appellants' request for recomputation of duty payable based on the admissibility of deduction for interest on receivables, waiving the duty deposit and staying the recovery of the amount. The Order-in-Appeal was modified to reflect these decisions. Case-Laws Central Excise Thu, 04 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296740