https://www.taxtmi.com/caselaws?id=90626 Notional interest on advances received from customers could be added to assessable value only where the advances had a nexus with the price and influenced or depressed the price of the goods; on the facts, that nexus was established, so the addition was sustainable in principle. For quantification, the notional interest rate applied was excessive because it was not fixed with reference to prevailing commercial lending and deposit rates for the relevant period; the rate was therefore reduced and the demand was directed to be re-computed. The matter was remanded for fresh adjudication after hearing, with relief granted only on the quantification aspect. en-us Mon, 02 Feb 1998 00:00:00 +0530 Mon, 10 Oct 2011 13:23:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90626 Notional interest on advances received from customers could be added to assessable value only where the advances had a nexus with the price and influenced or depressed the price of the goods; on the facts, that nexus was established, so the addition was sustainable in principle. For quantification, the notional interest rate applied was excessive because it was not fixed with reference to prevailing commercial lending and deposit rates for the relevant period; the rate was therefore reduced and the demand was directed to be re-computed. The matter was remanded for fresh adjudication after hearing, with relief granted only on the quantification aspect. Case-Laws Central Excise Mon, 02 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90626