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2014 (1) TMI 113 - AT - Central ExciseAdvance secured by way of loan - Interest Rate to be 10% OR 18 % - Held that:- Notional interest on the advances taken by an assessee from its customers is liable to be added in the assessable value of the final product only when the same influences the price of the goods – Following CC, Mumbai -III vs. ISPL Industries Ltd. [2003 (4) TMI 99 - SUPREME COURT OF INDIA] - no presumption can be drawn by mere fact of interest free advance by the buyer to the manufacturer and such depression in prices on account of advances, is required to be proved by the Revenue - even the advance is not interest free and attracts interest of 10% - Decided in favour of Assessee.
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