2015 (11) TMI 896

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..... hri G.P. Sastry, Advocate For the Respondent : Shri S. Raju, AR ORDER Per : B.S.V. Murthy It is noticed that appellants had collected ground rental charges of Rs. 5,38,501/- for the scrap from the customers who had not lifted the same after sale from the appellant premises within stipulated time. It has been held that the ground rent collected has to be treated as part of the assessable value .....

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..... The Tribunal took a view that the ground rent is payable as per the terms and conditions of sale which provided for delay in payments and the amount collected is in the nature of interest on receivables and was not includable in the assessable value. In the present case, it is not the case that payment for the scrap has not been made by the customer. Even if he makes the payment, if the scrap is l .....

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