https://www.taxtmi.com/caselaws?id=91560 Notional interest on advances received from buyers was held not includible in assessable value for central excise where the advances formed part payment of price and there was no finding that they had any nexus with, or influence on, the sale price. In the absence of such price influence or other supporting basis, the duty demand could not be sustained. The Tribunal also preferred the later High Court view applying the same principle, and the demand and penalties were consequently held unsustainable. en-us Wed, 30 Apr 1997 00:00:00 +0530 Wed, 19 Oct 2011 12:16:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91560 Notional interest on advances received from buyers was held not includible in assessable value for central excise where the advances formed part payment of price and there was no finding that they had any nexus with, or influence on, the sale price. In the absence of such price influence or other supporting basis, the duty demand could not be sustained. The Tribunal also preferred the later High Court view applying the same principle, and the demand and penalties were consequently held unsustainable. Case-Laws Central Excise Wed, 30 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91560