2003 (5) TMI 293 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal of the assessee, a tea manufacturer, regarding the deduction of interest on receivables and collection charges from the assessable value. The Commissioner (Appeals) denied relief based on unknown expenditure elements, but the Tribunal found that interest on receivables was known beforehand, citing a relevant clause in the Agency Agreement. The Tribunal set aside the Commissioner's order and allowed the appeal.