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Over due Interest received from customer

Central Excise - Started By: - Vivek anandhan - Dated:- 4-7-2016 Last Replied Date:- 5-7-2016 - Dear ExpertWe are the manufacturer of excisable goods. Our payment terms with customer is on or before despatch of goods. But some of our customer making .....

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sVivekanandhan - Reply By Rajagopalan Ranganathan - The Reply = Sir,What you are collecting is interest on receivables. Payment of such interest is by reason of late payment and not by reason of sale. Therefore you need not pay any duty on such inter .....

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