1998 (3) TMI 467

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..... er (J)]. The dispute is in respect of the following items : interest on receivables and bank charges for realisation of sales proceeds; discount for damages to goods suffered during transit. 2. Arguing for the appellant Shri P. K. Mittal stated that though several points are being taken up in the memo of appeal, but now in view of the developments in case law, they are restricting only to .....

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..... by both the sides and perused the records. It is clear from the ratio of the MRF that interest on receivables is deductable and accordingly we accept the contention of the party on this issue. 5. In principle we also hold that bank charges for realisation of sale proceeds and discount for damages to the goods suffered during transit are also deductable in determining the assessable value. Since .....

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