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TMI Blog2018 (3) TMI 401X X X X Extracts X X X X X X X X Extracts X X X X ..... eriod is to be reckoned for the purpose of deduction on account of interest on amount receivables for credit period as the Appellant were claiming/ borrowing funds from the bank - the deduction claimed by the Appellant has to be allowed - appeal allowed - decided in favor of appellant. - E/1426. 1437 to 1440/07 - A/85203-85207/2018 - Dated:- 31-1-2018 - Shri Ramesh Nair, Member (Judicial) And S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that the credit is given for 21 days. During such credit period they borrow funds from the banker who charge interest. The interest so incurred is inbuilt in the price. He submits that the revenue has relied upon the Board Circular No.194/28/96.CX dt. 29.03.96 however the same is contrary to the final judgment of Apex Court in case of MRF Ltd. - 1995 (77) ELT 433 (SC). He also relies upon the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng for the revenue supports the impugned order. He relies upon the judgment of Hon ble Apex Court in case of A. Infrastructure Ltd. - 2004 (167) ELT 369 (SC). 4. We find that as far as order of the Appellate Authority on the issue of free replacement of breakages is concerned they have not appealed against the same and thus the said issue is settled in present case in favour of revenue. The ..... X X X X Extracts X X X X X X X X Extracts X X X X
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