2014 (1) TMI 113

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..... SPL Industries Ltd. [2003 (4) TMI 99 - SUPREME COURT OF INDIA] - no presumption can be drawn by mere fact of interest free advance by the buyer to the manufacturer and such depression in prices on account of advances, is required to be proved by the Revenue - even the advance is not interest free and attracts interest of 10% - Decided in favour of Assessee. - Appeal No. 2897 of 2005 - Final Orde .....

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..... terest to the assessable value of the goods and accordingly confirmed the demand of duty of Rs. 28,357.65 and imposed penalty of Rs. 35,000/-. 2. Ongoing through the impugned order of Commissioner (Appeals), we find that he has simplicitor added the differential interest amount in the assessable value, without their being any allegation or finding of suppression of the assessable value on accoun .....

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