TMI Blog1997 (4) TMI 438X X X X Extracts X X X X X X X X Extracts X X X X ..... er (T)]. The question for decision in this appeal is whether the notional interest on advances taken by the assessee, the appellant, is to be included in the assessable value of the goods manufactured by it. The appellant manufactures equipment such as boilers and related equipment. The manufacture of these articles is undertaken only on the basis of the specific order of the customer, and g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pose of determining the assessable value . There is nothing in either the notice or the order of the Commissioner to show that as a result of taking advances, the price was depressed, i.e., that it was lower in a case where the advance was taken compared to a case where no such advance was taken. If advance was taken in every case as is contended by the appellant, the situation could not arise at ..... X X X X Extracts X X X X X X X X Extracts X X X X
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