https://www.taxtmi.com/caselaws?id=81897 Notional interest on customer advances is not includible in excisable value as a matter of rule. Under Section 4, the normal price must be the sole consideration, and Rule 5 applies only where the department shows that an advance or related commercial arrangement constitutes additional consideration with a nexus to and depressive effect on the sale price. The factual enquiry must consider the contractual price structure and the effect of the bank guarantee. Because that enquiry had not been properly examined, the matter required fresh consideration on whether the advances and guarantee reduced the price and attracted Rule 5. en-us Wed, 27 May 1992 00:00:00 +0530 Wed, 29 Jun 2011 16:08:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81897 Notional interest on customer advances is not includible in excisable value as a matter of rule. Under Section 4, the normal price must be the sole consideration, and Rule 5 applies only where the department shows that an advance or related commercial arrangement constitutes additional consideration with a nexus to and depressive effect on the sale price. The factual enquiry must consider the contractual price structure and the effect of the bank guarantee. Because that enquiry had not been properly examined, the matter required fresh consideration on whether the advances and guarantee reduced the price and attracted Rule 5. Case-Laws Central Excise Wed, 27 May 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81897