https://www.taxtmi.com/caselaws?id=50117 Interest attributable to genuine credit sales is deductible from the sale price when determining the assessable value of excisable goods. The Tribunal applied the larger bench view that such deduction is available for the credit period evidenced in the invoice or other duty-paying documents, and that the deduction must reflect the actual credit arrangement rather than a notional component of the wholesale cash price. On that basis, the assessee was entitled to exclude the receivable interest from assessable value. en-us Tue, 12 Sep 2000 00:00:00 +0530 Thu, 19 Aug 2010 17:53:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50117 Interest attributable to genuine credit sales is deductible from the sale price when determining the assessable value of excisable goods. The Tribunal applied the larger bench view that such deduction is available for the credit period evidenced in the invoice or other duty-paying documents, and that the deduction must reflect the actual credit arrangement rather than a notional component of the wholesale cash price. On that basis, the assessee was entitled to exclude the receivable interest from assessable value. Case-Laws Central Excise Tue, 12 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50117