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Central Excise - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Ground Rent includible in the assessable value or not – ...


Ground Rent Excluded from Taxable Value: Considered Interest on Receivables, Not Storage Charges or Part of Assessable Value.

December 12, 2013

Case Laws     Central Excise     AT

Ground Rent includible in the assessable value or not – Department's plea that the 'ground rent' is the storages charges for the period of delay in lifting of the goods by the customers - held that the 'ground rent' is nothing but interest on receivables - AT

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