2014 (3) TMI 742

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..... as to be considered as representing an element of interest on account of delay in payment and unless it is established that such difference in price is so vast that in actually amounts to charging part of the price in the form of interest, the same cannot be rejected, and shall be the price applicable even in respect of those cases where cash discount is not availed of - Following decision of CCE, .....

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..... t not availed by the buyers at depot, resulting in short payment of duty of Rs. 1,50,611/-. On adjudication, the original authority has confirmed demand, imposed penalty and ordered payment of interest. 2. On appeal, the Commissioner (Appeals) disallowed the appeal with regard to demand of duty and interest. However, appeal against penalty is allowed to the limited extent by giving benefit of op .....

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..... rence price has to be considered as representing an element of interest on account of delay in payment and unless it is established that such difference in price is so vast that in actually amounts to charging part of the price in the form of interest, the same cannot be rejected, and shall be the price applicable even in respect of those cases where cash discount is not availed of. We are in a .....

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