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2023 (5) TMI 378 - CESTAT MUMBAIValuation - inclusion of notion interest on the advances taken from the customer in the assessable value of the goods or not - HELD THAT:- Issue has been considered by the tribunal and various courts time and again. It is settled principle that unless and until the revenue shows that advances have earned interest on such advances and the prices to final buyer has been depressed they could not have been added this notional interest to the assessable value - Reliance can be placed in the case of COMMISSIONER OF CENTRAL EXCISE, MUMBAI-III VERSUS PAPER PRODUCTS LTD. [2009 (4) TMI 187 - CESTAT, MUMBAI]. Valuation rule also provide that notional interest on advances could have been added to the assessable value only if the same depresses the value of the goods. There are no merits in the impugned order same is set aside - appeal allowed.
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