2011 (6) TMI 526

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..... e whether the charges are for local cheque discounting or outstation, does not make any difference. appellants are entitled for deduction on account of cheque discounting charges from the assessable value. appeals are allowed. - E/51 & 52/2004 - - - Dated:- 22-6-2011 - Shri Ashok Jindal, Shri P.R. Chandrasekharan, JJ. Appearance: Shri R.G. Sheth, Advocate for the appellant Shri H .....

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..... these accounts were denied. Therefore, the appellants preferred an appeal before the Commissioner (Appeals), who allowed their claim for equalised freight, additional sales tax, turnover tax, transit insurance and octroi but denied the claim of cheque discounting charges holding that cheque discounting charges for local cheques having the interest element which affects the assessable value and, t .....

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..... Tyres Tubes Industries Pvt. Ltd. vs. Commissioner of Central Excise, Bhopal 2010 (257) ELT 126 (Tri.-Del.) 4. On the other hand, the learned DR reiterated the impugned orders and submitted that the appellants are not entitled for deduction on account of local cheque discounting charges as they affect the assessable value having interest factor, which has to be included in the assessable valu .....

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