https://www.taxtmi.com/caselaws?id=82925 Notional interest on interest-free security deposits and advance deposits collected from dealers and customers was not added to the assessable value of excisable goods because the deposits were disclosed, the sale price remained uniform, and there was no evidence that the deposits reduced the price or operated as additional consideration. The applicable principle was that notional interest is includible only where a real nexus is shown between the deposit and the sale price. On those facts, the deposits were treated as security for supply, not part of the price, and the duty demand based on notional interest failed. en-us Fri, 18 Jun 1993 00:00:00 +0530 Fri, 08 Jul 2011 12:10:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82925 Notional interest on interest-free security deposits and advance deposits collected from dealers and customers was not added to the assessable value of excisable goods because the deposits were disclosed, the sale price remained uniform, and there was no evidence that the deposits reduced the price or operated as additional consideration. The applicable principle was that notional interest is includible only where a real nexus is shown between the deposit and the sale price. On those facts, the deposits were treated as security for supply, not part of the price, and the duty demand based on notional interest failed. Case-Laws Central Excise Fri, 18 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82925