2001 (3) TMI 498

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....ltant, for the Respondent. [Order per : S.S. Sekhon, Member (T)]. - The issue in this appeal filed by the revenue is about the eligibility deductions of interest, on delayed payments as arrived at by the Commissioner (Appeals). 2. We have heard learned SDR for the Department who has brought to our attention that the issue involved was the inclusion of additional collections on account of ....

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....ory gate, are credit sales and interest is collected only in few cases and not in all cases. 4. We have considered the submissions and find, that the interest on delayed payments, cannot be added to the Assessable value to be determined under Section 4 of the Central Excise Act, 1944, on credit sales made at the factory gate, from the date of delivery of the goods till the realisation of pri....