https://www.taxtmi.com/caselaws?id=80828 Notional interest on dealer security deposits was treated as additional commercial consideration where the deposits supported the manufacturer's working capital needs, so it formed part of excise valuation of cigarettes. The valuation method under Section 4 and Rule 5 required any such extra realisation to be added first to the wholesale price, with assessable value then computed under the statutory formula. Direct addition to assessable value was rejected because duty is levied on the price charged or chargeable, not on a notional value detached from the sale price. en-us Thu, 23 Aug 1990 00:00:00 +0530 Mon, 20 Jun 2011 16:11:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80828 Notional interest on dealer security deposits was treated as additional commercial consideration where the deposits supported the manufacturer's working capital needs, so it formed part of excise valuation of cigarettes. The valuation method under Section 4 and Rule 5 required any such extra realisation to be added first to the wholesale price, with assessable value then computed under the statutory formula. Direct addition to assessable value was rejected because duty is levied on the price charged or chargeable, not on a notional value detached from the sale price. Case-Laws Central Excise Thu, 23 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80828