1994 (11) TMI 241

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

...., for the Appellants. Shri A.K. Singhal, JDR, for the Respondent. [Order per : K.S. Venkataramani, Member (T)]. - The issue in this appeal relates to whether the amount collected by the appellants herein as interest on delayed payments in respect of White Cement manufactured by them, is to be included or not in the assessable value of the goods. When the matter was called, both the sides ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t interest on delayed payment. Similarly, there may be a suspicion regarding the nature of collection in as much as the collection is made at a flat rate of Rs. 80/- per M.T. i.e. Rs. 4/- per bag of 50 kgs. of white cement whereas charging interest on delayed pay- ment at a percentage of value of the goods at the normal practice in trade is but this suspicion by itself will not be adequate enough ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....her words it means cash consideration but mere fact that credit is given for the payment of value of an article would not result in the amount ceasing to be a price. The illustration was also given under the instructions and the illustration reads as under :-  `Assessee A charge Rs. 100/- per unit for his goods if the payment is made at the time of delivery but charges Rs. 102/- per unit i....