https://www.taxtmi.com/caselaws?id=92986 Notional interest on buyer advances may be included in assessable value only where the department establishes a real nexus between the advances and a depressed goods price; a mere time gap between order and delivery is insufficient. On the facts discussed, the material did not show that comparable goods sold without advances fetched a higher price or that advances were taken to suppress declared value, so valuation could not be altered on conjecture. A remand for cost audit under Section 14A that would rely on material outside the show cause notice was also treated as procedurally unsustainable because it would effectively initiate fresh proceedings on new material. en-us Fri, 16 Jul 1999 00:00:00 +0530 Mon, 07 Nov 2011 15:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92986 Notional interest on buyer advances may be included in assessable value only where the department establishes a real nexus between the advances and a depressed goods price; a mere time gap between order and delivery is insufficient. On the facts discussed, the material did not show that comparable goods sold without advances fetched a higher price or that advances were taken to suppress declared value, so valuation could not be altered on conjecture. A remand for cost audit under Section 14A that would rely on material outside the show cause notice was also treated as procedurally unsustainable because it would effectively initiate fresh proceedings on new material. Case-Laws Central Excise Fri, 16 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92986