1998 (3) TMI 467 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal in favor of the appellant regarding interest on receivables, bank charges for realization of sales proceeds, and discount for damages to goods suffered during transit. The Tribunal held that interest on receivables is deductible, and bank charges and discount for damages are also deductible in determining the assessable value. The Assistant Collector was directed to examine the factual position regarding bank charges and pass the order accordingly after hearing the appellants.