1998 (1) TMI 148 - AT - Central Excise

Summary

The appeal involved denial of deductions for interest on finished goods, interest on receivables, turnover discount, and discount on breakages and expiry goods. Interest on receivables is deductible as per Supreme Court ruling. Turnover discount is admissible, and deduction cannot be denied based on unknown extent at delivery. Deduction for breakages and expiry goods is legitimate. Deductions for interest on finished goods and discount on expiry date were disallowed. The impugned order disallowing certain deductions was set aside partially, allowing deductions for interest on receivables, turnover discount, and discount on breakages. Appeal allowed in part.