2001 (3) TMI 498 - AT - Central Excise

Summary

The appeal was about the eligibility of deductions of interest on delayed payments. The Appellate Tribunal found that interest on delayed payments cannot be added to the assessable value for credit sales made at the factory gate. The decision of the Supreme Court in G.O.I. v. Madras Rubber Factory Ltd. was followed, and the Commissioner (Appeals) order was set aside. The appeal was disposed of accordingly.