https://www.taxtmi.com/caselaws?id=88656 Notional interest on security deposits from wholesale buyers was held not includible in the assessable value for central excise duty because the department showed no allegation or proof that the deposits affected or depressed the sale price. The mere fact that the deposits may have served as working capital, or that equivalent funds could have been borrowed from banks, was insufficient to justify adding a hypothetical interest component to valuation. The demand for differential excise duty based on inclusion of such notional interest was rejected. en-us Mon, 04 May 1998 00:00:00 +0530 Tue, 20 Sep 2011 13:43:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88656 Notional interest on security deposits from wholesale buyers was held not includible in the assessable value for central excise duty because the department showed no allegation or proof that the deposits affected or depressed the sale price. The mere fact that the deposits may have served as working capital, or that equivalent funds could have been borrowed from banks, was insufficient to justify adding a hypothetical interest component to valuation. The demand for differential excise duty based on inclusion of such notional interest was rejected. Case-Laws Central Excise Mon, 04 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88656