https://www.taxtmi.com/caselaws?id=442387 Interest attributable to the credit period and embedded in the agreed sale structure was treated as deductible from the assessable value for central excise duty where purchase orders and invoices identified the interest element and the governing circular recognised exclusion of delayed payment charges shown separately or indicated in the invoice. Consistent Tribunal practice and the department's acceptance of the assessee's earlier period supported the same approach. On that basis, the duty demand was unsustainable, and the associated interest and penalty could not survive. en-us Tue, 29 Aug 2023 00:00:00 +0530 Fri, 01 Sep 2023 08:54:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442387 Interest attributable to the credit period and embedded in the agreed sale structure was treated as deductible from the assessable value for central excise duty where purchase orders and invoices identified the interest element and the governing circular recognised exclusion of delayed payment charges shown separately or indicated in the invoice. Consistent Tribunal practice and the department's acceptance of the assessee's earlier period supported the same approach. On that basis, the duty demand was unsustainable, and the associated interest and penalty could not survive. Case-Laws Central Excise Tue, 29 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442387