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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Clarification on Inclusion of Notional Interest in Excisable Goods Value: Impact on Pricing and Deposits Explained.</h1> The circular addresses the inclusion of notional interest on advance deposits in the assessable value of excisable goods. It clarifies that such interest should be included if the deposit influences the sale price, such as through special discounts or different pricing for depositors. If no price difference exists between buyers who have made deposits and those who have not, the notional interest should not be added. The circular also specifies that if interest earned or saved on deposits is credited at a lower rate than the normal bank rate, the difference should be added to the assessable value. This circular supersedes a previous one from 1996.
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