TMI Blog2011 (6) TMI 569X X X X Extracts X X X X X X X X Extracts X X X X ..... of interest – Held that:- assessee took advances from the buyer as security advances as in case the buyer fails to take delivery of the specified product after manufacturing, the respondent should not suffer the losses. Therefore, they are taking the advances as security deposit. It is also on record that no such security deposit has been taken from the Government Institutions. It is also on recor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ondent were issued show-cause notice over different periods for non-inclusion of interest charges earned accrued on advances/deposits in the assessable value of the final product. It was alleged that the respondent have been receiving advances/deposits towards orders placed by them towards contract/agreement and by utilising such advances/deposit the respondent gained on account of interest accrue ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t aside the adjudication order. Therefore revenue is in appeal before us. 3. The ld. DR reiterates the adjudication order and the allegation alleged in the show-cause notice and submitted that the advances/deposit received by the respondent have affected the price of the final product, therefore the duty on the interest accrued/earned on the deposit/advance is payable by the respondent. 4. Non ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e records and found that the respondents are having contract with their buyers for specific design/specification of lifts to be supplied to their buyers and the respondent have to manufacture the lift/elevator or part of different models of lifts in their unit and also its erection and commissioning at site as per the specifications/design. They took advances from the buyer as security advances as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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