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2017 (2) TMI 307 - AT - Central ExciseValuation - composite contract - project work of supply, erection, installation and commissioning of lifts at the customer site - Against the total value of the composite contract the appellant received advance payment, whether the addition of notional interest on advance amount is includible in the assessable value? - Held that: - the supply portion in the over all project which represent the clearance of assessee’s manufactured goods is less than 50% of the over all value of the project cost. Therefore for this reason interest is not prima facie includible in the assessable value - in the appellant’s own case Commissioner of Central Excise, Mumbai-IV Vs. Otis Elevator Co. (I) Ltd. [2011 (6) TMI 569 - CESTAT, MUMBAI] it was held that interest on advances cannot be included in the assessable value. It prima facie appears that interest in not includible in the assessable value however, since the Commissioner (Appeals) has not passed the final order, at this stage, we cannot dispose of the matter finally - appeal allowed by way of remand.
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