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Archive: 29 March 1996

Posts in 29 March 1996

Levy of Central Excise duty on interest recovery payment- Board”s ruling under Section 37-B Order- Clarification reg

March 29, 1996 469 Views 0 comment Print

Circular No. 194/28/96-CX In the Case of U.O. I. & Others v. M.R.F. Ltd & others, the Hon”ble Supreme Court in its order dated 3.5.95 has decided that in case of sales where payments are received quite dated 3.5.95 has decided that in case of sales where payments are received quite some time later if interest is charged from the date of delivery of goods till the date of realisation of the price thereof, such interest is excludable from the value of the goods.

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