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2008 (8) TMI 672 - AT - Central ExciseValuation - includibility - notional interest accrued on advances taken by them from their customers - Held that: - The price of the goods should not be influenced by the element of interest accruable on advance taken - Once the assessee accepts that the price is reduced on account of interest income, meaning thereby that such reduction would not be there if no advances are taken, then the only inference that can be drawn is that the price was influenced and in view of this the duty on notional interest as proposed in the show cause notice and confirmed by the Assistant Commissioner was required to be paid - the order of the Assistant Commissioner restored.
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