1999 (8) TMI 231

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... pondents. [Order per : V.K. Agrawal, Member (T)]. - The issue involved in this appeal is whether the notional interest on advances received from the customers is to be included in the assessable value of the goods manufactured by M/s. New Allenberry Works . 2. Shri R.K. Sharma, learned SDR reiterated the grounds of appeal as contained in the memorandum of appeal filed by the Revenue. He a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Court's decision. One of such decision is in the case of Multimetal Ltd. v. C.C.E., Jaipur, final order Nos. 1049-1050/99-A, dated 19-7-1999, in which it was held that in the absence of any evidence placed on record the acceptance of advance had not depressed the price of the goods. Notional interest of advance is not includible in the assessable value. In the present case also no such evidence h .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X