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2018 (3) TMI 401 - AT - Central ExciseDeduction on account of ‘interest on receivables’ - case of Revenue is that that the deduction on account of free replacement of breakages and interest on receivables is not admissible - Held that: - the invoices issued by the Appellant provides for 21 days credit. This period 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.
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