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2015 (10) TMI 1945 - CESTAT NEW DELHIValuation of goods - deductions on account of turnover discount and interest on receivables - Held that:- interest on receivable already stands accepted by the Tribunal as an admissible deduction. The Revenue’s contention that such interest was not actually reimbursed to the customer cannot be appreciated inasmuch as there is no question of reimbursement of interest to the customer. In any case, Tribunal having allowed the said deduction and the Revenue having not challenged the earlier order of the Tribunal before higher authority is debarred from taking the said ground now. - issue relates to bona fide interpretation of law. Merely because the assessee’s stand in respect of their claim of deduction on account of commission to selling denial has not been accepted by the Tribunal, the same would not call for any penal action against them. - Decided against Revenue.
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