2001 (4) TMI 322 - AT - Central Excise

Summary

The judgment by Appellate Tribunal CEGAT, Bangalore addressed whether interest on advances from Commission Agents should be included in the Assessable value for carbon black. The Tribunal ruled that since the Commission Agents are not buyers and there was no additional consideration from buyers, the interest paid to them should not be added to the Assessable value. The decision was influenced by a previous Supreme Court ruling in the case of VST Industries. The appeal was allowed in favor of the party.