1998 (1) TMI 148

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....ri K. Srivastava, SDR, for the Respondent. [Order per : Justice U.L. Bhat, President]. -  The appeal arose on account of the decisions of the lower authorities denying certain deductions claimed by the appellant who is engaged in the manufacture of P & P medicines. Deductions disallowed are interest on finished goods, interest on receivables, turnover discount and discount on breakages ....

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....t, the appellant used to collect only the price less the price of breakages. Lower authorities refused to give deduction on this count. This also is not legitimate as can be seen from the decision in Assam Valley Plywood Private Ltd. - 1989 (43) E.L.T. 360 (Tribunal) and other decisions of the Tribunal. 5. It is seen that if expiry date of any of the goods sold by the appellant is crossed ....