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TMI Blog2004 (7) TMI 485X X X X Extracts X X X X X X X X Extracts X X X X ..... n, Member (T)]. Heard both sides and considered the issue. 2. The present appeal has been filed against the order of the Commissioner (Appeals) who held that the so-called credit cost is not interest accruing on delayed realisation of the sale proceeds, but is additional consideration and is a part of the assessable value and required to be included in the value for the purpose of calcul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a constant period whereas credit cost is not charged on any fix percentage basis or on uniform rate. (viii) In respondent s own, case for the earlier period, the various buyers in their recorded statements under Section 14 clearly admitted that they do not consider the credit cost as, interest but the cost of their product. (ix) They do not charge anything on account of credit cost from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... omers on account of sales made on credit, was held to be correct and the Revenue s appeals were dismissed, as reported in CCE, Bombay v. Haldyn Glass Works - 1999 (110) E.L.T. 897 (Tribunal) and this order of this Tribunal has been confirmed by the Supreme Court in an appeal by the Department as reported in 1999 (113) E.L.T. A64. Following the same, in this case also, we do not find any merits on ..... X X X X Extracts X X X X X X X X Extracts X X X X
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