Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Inclusion of notional interest on security deposits in assessable value for Central Excise duty dismissed by Appellate Tribunal.</h1> <h3>COLLECTOR OF CENTRAL EXCISE, MEERUT Versus MODI ARC ELECTRODES LTD.</h3> COLLECTOR OF CENTRAL EXCISE, MEERUT Versus MODI ARC ELECTRODES LTD. - 1998 (102) E.L.T. 83 (Tribunal) The Appellate Tribunal CEGAT, New Delhi dismissed the appeal regarding the inclusion of notional interest on security deposits in the assessable value for Central Excise duty. The appellant's argument that they would have borrowed money from banks and paid interest was rejected. The tribunal found no merit in the appeal and dismissed it.