https://www.taxtmi.com/caselaws?id=93742 Notional interest on advances received from buyers is includible in assessable value only if the advance or deposit depresses the sale price or if there is additional consideration over and above the sale price for the goods. On the facts found, no such additional consideration was established, and the Board circular placed the burden on the department to prove it. The earlier view shifting that burden to the assessee was treated as no longer good law in light of the Supreme Court ruling relied upon by the Tribunal. Notional interest was therefore held not includible in assessable value, and the appeals failed. en-us Sat, 08 Jul 2000 00:00:00 +0530 Wed, 16 Nov 2011 15:38:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93742 Notional interest on advances received from buyers is includible in assessable value only if the advance or deposit depresses the sale price or if there is additional consideration over and above the sale price for the goods. On the facts found, no such additional consideration was established, and the Board circular placed the burden on the department to prove it. The earlier view shifting that burden to the assessee was treated as no longer good law in light of the Supreme Court ruling relied upon by the Tribunal. Notional interest was therefore held not includible in assessable value, and the appeals failed. Case-Laws Central Excise Sat, 08 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93742