2000 (11) TMI 234

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..... , C.A. it appeared that the issue having been settled earlier, the appeal itself could be taken up for disposal. Both sides agreeing, this was done after granting waiver of pre-deposit of duty amounting to Rs. 5,09,582.24. 2. The assessees claimed deduction from the normal price on "interest on receivables". The Assistant Collector permitted deduction upto 1.5% and confirmed duty calculated on th .....

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..... ' charged at factory gate is the 'price' for duty. The 'price' does not mean cash price only. The expenses needed for providing credit after sale are in built in the price, which is being declared at the factory gate. There is/or was no provision for deducting in built expenses forming a part of "price" declared at factory gate. In the above reference, I rely on the decision of the Apex Court held .....

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