https://www.taxtmi.com/caselaws?id=90489 Notional interest on customer advances for tailor-made electrical machinery is includible in assessable value only if the department proves, with evidence, that the advance depressed the price of the final product or was otherwise factored into the selling price. Here, no such evidence was produced, and the advances were taken as a precaution against possible cancellation under the contract terms. The notional interest was therefore held not includible in the assessable value, and the impugned order was set aside in favour of the assessee. en-us Tue, 12 May 1998 00:00:00 +0530 Fri, 07 Oct 2011 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90489 Notional interest on customer advances for tailor-made electrical machinery is includible in assessable value only if the department proves, with evidence, that the advance depressed the price of the final product or was otherwise factored into the selling price. Here, no such evidence was produced, and the advances were taken as a precaution against possible cancellation under the contract terms. The notional interest was therefore held not includible in the assessable value, and the impugned order was set aside in favour of the assessee. Case-Laws Central Excise Tue, 12 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90489