https://www.taxtmi.com/caselaws?id=49852 The Tribunal allowed deduction towards interest on receivables for determining the assessable value for levying Central Excise duty, citing Supreme Court judgments and previous case law. It held that interest deduction is permissible regardless of whether interest is collected separately or included in the gross price of goods. The Tribunal found the denial of deduction unjustified and remanded the case for re-consideration to grant the necessary relief to the appellants based on the correct amount of deduction due for interest on receivables. en-us Tue, 28 Mar 2000 00:00:00 +0530 Tue, 17 Aug 2010 17:57:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49852 The Tribunal allowed deduction towards interest on receivables for determining the assessable value for levying Central Excise duty, citing Supreme Court judgments and previous case law. It held that interest deduction is permissible regardless of whether interest is collected separately or included in the gross price of goods. The Tribunal found the denial of deduction unjustified and remanded the case for re-consideration to grant the necessary relief to the appellants based on the correct amount of deduction due for interest on receivables. Case-Laws Central Excise Tue, 28 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49852