TMI Blog2015 (10) TMI 1949X X X X Extracts X X X X X X X X Extracts X X X X ..... ng but interest on receivable which in terms of the Apex Court judgment in case of Government of India Vs. Madras Rubber Factory Ltd., reported in [1995 (5) TMI 28 - SUPREME COURT OF INDIA] is not includible in the assessable value. We also find that the Apex Court in case of CCE, New Delhi Vs. Vikram Detergent Ltd. (2001 (1) TMI 84 - SUPREME COURT OF INDIA) has held that bank charges are not incl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ORDER Per Rakesh Kumar:- 1.1 The only point of dispute in this case is as to whether the cheque discounting charges are includible in the assessable value or not. The Commissioner (Appeals) in the impugned order-in-appeal dt. 29.03.04 has held that cheque discounting charges are includible in the assessable value. Against this order the present appeal has been filed. 2. Heard bo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ive defended the impugned order by reiterating the findings of Commissioner (Appeals). 5. We have considered the submissions from both the sides and perused the records. The cheque discounting charges are charged by the bank for discounting of cheques to cover for delay in realization of payments by up-country buyers. This is nothing but interest on receivable which in terms of the Apex Court j ..... X X X X Extracts X X X X X X X X Extracts X X X X
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