Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2017 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (8) TMI 355 - AT - Central ExciseValuation - notional interest on advances received - includibility - Held that: - As per CEBC s circular No.404/37/98-Cx dated 22.6.1998, it has been clarified that if the selling price is influenced in that case notional interest on advances received from the buyers, the notional interest is required to be added in the assessable value - in the present case, the selling price of the goods to the buyers who paid duty advance has not been influenced, therefore, notational interest is not required to be added in the assessable value - demand set aside. Valuation - the discounts shown in the invoices is actually not given to the buyers and debit notes raised by the appellant on the buyers - demand of duty on discounts - Held that: - a verification report was sought by the adjudicating authority from the Range Superintendent, who after due verification of the records, has filed report that wherever the appellant has given discount but actually not passed on to the customers, they have paid duty - no demand is sustainable against the appellant. Appeal allowed - decided in favor of appellant.
|