2003 (5) TMI 293

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..... a, President]. This is an appeal at the instance of the assessee challenging the order passed by the Commissioner (Appeals) dated 22/23-2-2003. 2. The appellants who are manufacturers of packet tea sell the same through their various depots located at different places. In their price declarations they have claimed deduction of amounts on account of interest on receivables and collection ch .....

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..... e of CCE, New Delhi v. Vikram Detergent Ltd. reported in 2001 (127) E.L.T. 641. As mentioned earlier for denying the benefit of deduction in respect of interest on receivables, the only reason given by the Commissioner (Appeals) is that the element of this expenditure is not known beforehand. On facts the Commissioner (Appeals) is not correct in the above view. Clause 15 of the Agency Agreement re .....

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