https://www.taxtmi.com/caselaws?id=50344 The Appellate Tribunal CEGAT, Chennai rejected five Revenue appeals concerning the deduction of interest on receivables from the assessable value of excisable goods. The Tribunal held that interest could be deducted even if in-built in the price, overriding the Board's Circular, based on legal precedents and the Supreme Court's judgment in the MRF case. The Tribunal found that certain grounds raised by the Revenue were beyond the scope of show cause notices and upheld the impugned orders, ruling in favor of allowing the deduction of interest. en-us Wed, 21 Jun 2000 00:00:00 +0530 Sat, 21 Aug 2010 12:08:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50344 The Appellate Tribunal CEGAT, Chennai rejected five Revenue appeals concerning the deduction of interest on receivables from the assessable value of excisable goods. The Tribunal held that interest could be deducted even if in-built in the price, overriding the Board's Circular, based on legal precedents and the Supreme Court's judgment in the MRF case. The Tribunal found that certain grounds raised by the Revenue were beyond the scope of show cause notices and upheld the impugned orders, ruling in favor of allowing the deduction of interest. Case-Laws Central Excise Wed, 21 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50344