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2013 (12) TMI 452 - AT - Central ExciseGround Rent includible in the assessable value or not – Amount recovered for period of delay – Held that:- The amount being charged as 'ground rent' is for delay in making the payment by the buyers for the goods sold to them - This delay is counted from the date of order - The customer is expected to make the payment for the goods purchased by him within the period of 28 days from the date of sale order and if there is delay in making payment beyond 28 days, amounts at the rates varying from 0.5% of the sale price to 3.25% of the sale price are payable depending upon the period of delay – there is no basis for the Department's plea that the 'ground rent' is the storages charges for the period of delay in lifting of the goods by the customers - the 'ground rent' is nothing but interest on receivables which is not includible in the assessable value – Following Union of India Vs. MRF Ltd. [ 1995 (5) TMI 28 - SUPREME COURT OF INDIA] – Decided against Revenue.
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