2006 (3) TMI 644

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..... )]. The appellants are engaged in the manufacture of lubricating oils/preparations. In respect of the goods cleared by them from April - December, 1996, they deducted Rs. 1.696/- per unit quantity from the sale price to arrive at the assessable value for the purpose of payment of duty. Such deduction was worked out on the basis of the figures of deductions relating to the previous year. In th .....

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..... port from the Supreme Court s judgment in Govt. of India v. M.R.F. Ltd. - 1995 (77) E.L.T. 433 (S.C.). Learned SDR argued that the dictum laid down by the Apex Court in MRF s case was not of any aid to the appellants in this case. She also relied on the Tribunal s decision in Hindustan Lever Ltd. v. CCE - 2003 (162) E.L.T. 285 (Tri.- Bang.), wherein it was held that, where interest was not charged .....

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..... n Lever Ltd. (supra). In that case, it was argued by the assessee that the monetary loss sustained by them on account of delay in payment of price of goods by buyers required to be deducted from the assessable value of such goods in view of the Supreme Court s judgment in MRF s case. This argument was repelled by the Tribunal and, after noting that the relevant invoices had not charged any interes .....

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