2000 (1) TMI 759

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..... owri Shankar, Member (T)]. Appeal taken up for disposal, after waiving deposit. 2. The question for consideration in this appeal is whether the notional interest due but not actually paid on advances taken by the appellant from its customers to be included in the assessable value of the goods manufactured and sold by the appellant to these customers. In the order impugned in this appeal, t .....

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..... ntative adopts. This is nothing more than a mere presumption and is unsupported by any evidence. As against this view, the contention of the advocate that advance was taken solely in order to ensure that the customers do not back out from the orders with the result leaving the manufacturer holding the goods specially fabricated for them without a buyer is equally acceptable. It was for the departm .....

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