https://www.taxtmi.com/caselaws?id=48823 In excise valuation, interest embedded in credit-sale invoices is deductible only to the extent attributable to the invoice credit period, but separate bank charges or collection charges are not automatically deductible. Cylinder rentals and phased recovery of cylinder cost must be valued consistently, and where assessable value is based on a related buyer's sale price, the excise duty element on that price must be excluded and the valuation recomputed on the correct statutory basis. Penalties under Section 11AC, Rule 173Q and Rule 209A were held unsustainable or requiring reconsideration where the duty demand itself needed recomputation and the statutory basis for personal penalty was not properly recorded. en-us Tue, 06 Jun 2000 00:00:00 +0530 Fri, 06 Aug 2010 16:33:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48823 In excise valuation, interest embedded in credit-sale invoices is deductible only to the extent attributable to the invoice credit period, but separate bank charges or collection charges are not automatically deductible. Cylinder rentals and phased recovery of cylinder cost must be valued consistently, and where assessable value is based on a related buyer's sale price, the excise duty element on that price must be excluded and the valuation recomputed on the correct statutory basis. Penalties under Section 11AC, Rule 173Q and Rule 209A were held unsustainable or requiring reconsideration where the duty demand itself needed recomputation and the statutory basis for personal penalty was not properly recorded. Case-Laws Central Excise Tue, 06 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48823