2006 (3) TMI 644

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..... Bhaghya Devi, SDR, for the Respondent. [Order per : P.G. Chacko, Member (J)]. - The appellants are engaged in the manufacture of lubricating oils/preparations. In respect of the goods cleared by them from April - December, 1996, they deducted Rs. 1.696/- per unit quantity from the sale price to arrive at the assessable value for the purpose of payment of duty. Such deduction was worked out....

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....Ltd. v. Commissioner - 2000 (122) E.L.T. 589 (Tribunal). Shri Gandhi also claimed support from the Supreme Court's judgment in Govt. of India v. M.R.F. Ltd. - 1995 (77) E.L.T. 433 (S.C.). Learned SDR argued that the dictum laid down by the Apex Court in MRF's case was not of any aid to the appellants in this case. She also relied on the Tribunal's decision in Hindustan Lever Ltd. v. CCE - 2003 (16....

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.... no interest was claimed. A similar factual situation was obtaining in the case of Hindustan Lever Ltd. (supra). In that case, it was argued by the assessee that the monetary loss sustained by them on account of delay in payment of price of goods by buyers required to be deducted from the assessable value of such goods in view of the Supreme Court's judgment in MRF's case. This argument was repell....