CESTAT Kolkata: No Notional Interest on Customer Advances Without Nexus

The Appellate Tribunal CESTAT Kolkata dismissed the Revenue's appeal, affirming the decision of the Commissioner (Appeals) that no notional interest can be charged on advances from customers without nexus to sale prices. The Tribunal upheld the lower authority's ruling.

---

---

The Appellate Tribunal CESTAT Kolkata dismissed the appeal filed by the Revenue. The Commissioner (Appeals) held that no notional interest can be charged on advance received from customers when there is no nexus with the sale price of goods. The Tribunal found no infirmity in the impugned order.

---