Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2015 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (5) TMI 526 - AT - Central ExciseValuation of goods - Suppression of value - inclusion of notional interest - Held that:- Contract value has not been reduced due to advance taken and in case of higher advances, the value is lower. In the list given in the show cause notice, it is seen that in large number of cases, the advance amount is 10% of the contract value and in few cases the advances are in the range of 20 to 25%. However, the show cause notice does not give the value of the lifts where the advances in the higher range have been taken and in the absence of such details, it cannot be said that the contract value is suppressed or reduced due to higher advance taken. - until and unless the Revenue is able to prove that the value is suppressed due to the advances taken, the notional interest cannot be added. - Decided in favour of assessee.
|