https://www.taxtmi.com/caselaws?id=92386 Notional interest on advances was excluded from central excise assessable value because the advances were not shown to have increased the price of the raw material or depressed the price of the final product. No nexus was established between receipt of the advances and the valuation of the goods, so the Supreme Court principle governing inclusion of notional interest did not apply on these facts. The result was that notional interest on advances was not includible in the assessable value for excise valuation. en-us Mon, 09 Aug 1999 00:00:00 +0530 Tue, 01 Nov 2011 12:43:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92386 Notional interest on advances was excluded from central excise assessable value because the advances were not shown to have increased the price of the raw material or depressed the price of the final product. No nexus was established between receipt of the advances and the valuation of the goods, so the Supreme Court principle governing inclusion of notional interest did not apply on these facts. The result was that notional interest on advances was not includible in the assessable value for excise valuation. Case-Laws Central Excise Mon, 09 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92386