2017 (1) TMI 1386

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....t : Ajay Kumar, Joint Commissioner(A.R.) ORDER Ramesh Nair (Judicial Member) The issue involved in the present appeal is that, whether Interest on receivables through cheque discounting is permissible deduction to arrive at the assessable value of the excisable goods sold by the appellant through their depot. 2. Heard both sides. 3. The issue is squarely covered by this Tribunals fo....

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....ourt in case of CCE, New Delhi v. Vikram Detergent Ltd. (supra) has held that bank charges are not includible in assessable value and Review petition against this judgments was dismissed by the Apex Court vide judgment reported in 2002 (142) E.L.T. A187 (S.C.). Honble Bombay High Court in case of Raymond Woollen Mills Ltd. v. Union of India, reported in 1992 (57) E.L.T. 396 (Bom.) has also taken t....