excise valuation

This query is : Resolved 

(Querist)
13 February 2009 whether the interest charged on the late payment of bill amount will be included in the assessable value of excise.

14 February 2009 No. It is not includible.

15 February 2009 intrest is by reason of sale but not in connection with sale hence it is not included in A V

Nilesh K-sagar
K-sagar Management




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