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2017 (2) TMI 1059 - AT - Central ExciseValuation - inclusion of notional interest in assessable value - the respondents have paid duty on the ultimate sales price to its dealers/customers - Held that: - the notional interest can only be added, in case the respondent valued their goods on cost construction method or if the goods is sold by the respondent to M/s. MFIL at a price lower than the price at which M/s. MFIL sold the vehicle - The present case does not fall under any of these two categories. The respondent paid the duty on the sale price of M/s. MFIL, which includes all the expenditure and profits of respondent as well as of M/s. MFIL. Therefore in such situation nothing left to be further included in the sale value of the M/s. MFIL on which the excise duty was discharged. Notional interest need not be included in assessable value - appeal dismissed - decided against Revenue.
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