Tribunal rules notional interest on advance payments not part of assessable value.

The Appellate Tribunal CESTAT, New Delhi dismissed the Revenue's appeal to include notional interest on advance received from customers in the assessable value of goods. The Tribunal determined that the sale price remained consistent regardless of security deposits, with no proof of deposits impacting pricing.

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The Appellate Tribunal CESTAT, New Delhi dismissed the appeal by the Revenue to add notional interest on advance received from customers to the assessable value of goods. The Tribunal found that the sale price of goods was the same for customers with and without security deposits, and there was no evidence that the deposits influenced the price.

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