1998 (3) TMI 467

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.... K. Srivastava, SDR, for the Respondents. [Order per : G.A. Brahma Deva, Member (J)]. - The dispute is in respect of the following items : interest on receivables and bank charges for realisation of sales proceeds; discount for damages to goods suffered during transit. 2. ­Arguing for the appellant Shri P. K. Mittal stated that though several points are being taken up in the memo....

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....ual position requires to be examined. 4. ­We have carefully considered the submissions made by both the sides and perused the records. It is clear from the ratio of the MRF that interest on receivables is deductable and accordingly we accept the contention of the party on this issue. 5. ­In principle we also hold that bank charges for realisation of sale proceeds and discou....