2005 (7) TMI 562

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..... Shri Ajay Saxena, SDR, for the Respondent. [Order per : Moheb Ali M., Member (T)]. -  Appeal arises out of the order of Commissioner of Central Excise (Appeals), Pune. 2. The appellant is a manufacturer of W.R. sets/Radio sub-assemblies, etc. While filing a price list for approval under the erstwhile Central Excise Rule 173C, the appellant claimed deduction of interest rece....

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.... that para 66 of MRF decision is not strictly applicable to the facts of the present case because what was before the Hon'ble court therein was exceptional cases of goods sold to up-country buyers. On the other hand as submitted by the appellants themselves in the present case extending of 15 days credit was a standard commercial practice. This in other words, means that the cost inclined on this ....

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.... appreciate the principle emerging from MRF judgment (cited supra) was that interest on debtors being an element incurred after the goods left the factory was deductible from the assessable value; that regardless of the fact that interest was built into the price, the same was deductible; that the Tribunal in the case of Reliance Industries Ltd. v. CCE, Mumbai [2004 (165) E.L.T. 350] following the....