1985 (1) TMI 214

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..... In this appeal, filed by the Collector of Central Excise, Chandigarh, the only issue involved is as to whether the charges on account of Bank commission, Hundi commission or interest charged in the invoices be included in the assessable value or not. The Collector (Appeals) had held that these being post-clearance expenses and the commission as well as interest being payable to the bank, though ch .....

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..... ellants whereas Shri P.S. Bedi, Consultant, represented the respondents. Except for reiterating what was stated in the appeal, Shri Tripathi had not much to argue and, on his attention being drawn to the judgments of the Tribunal, particularly that in the case of Collector of Central Excise, Chandigarh v. Oswal Agro Mill Ltd., Ludhiana, reported in 1985 (22) E.L.T. 159 (Tribunal) , he has no comm .....

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..... account of interest payable to the Bank in the account of the customer are, admittedly, in the nature of post-manufacturing and post-clearance expenses, and cannot form part of the assessable value even though included in the invoice. We, therefore, do not find any infirmity in the order of the Collector (Appeals) and uphold the same. As a result, the appeal is dismissed. - - TaxTMI - TMITax .....

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