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2018 (2) TMI 554 - AT - Central ExciseValuation - includibility - notional interest - The department is of the view that the notional interest will have to be added to the assessable value of the goods - Held that: - similar issue decided in the case of COMMISSIONER OF CENTRAL EXCISE, MUMBAI-III Versus ISPL. INDUSTRIES LTD. [2003 (4) TMI 99 - SUPREME COURT OF INDIA], where it was held that if there is no deference in the selling price for both categories of the wholesale buyers and there is also “no proof” that on account of advance deposits taken from some buyers, the price charged from all buyers has been reduced, then element of notional interest on advance deposits, cannot be added - interest to be included in present case. The appeal is not time-barred and extended period is rightly invoked in the appellants’ case. Appeal dismissed - decided against appellant.
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