https://www.taxtmi.com/caselaws?id=101947 Notional interest on buyer advances was treated as includible in assessable value only where the Department could prove, with evidence, a real nexus between the advance and any depression in the price of the goods. A mere assumption that the buyer would otherwise have borrowed commercially was held insufficient to establish that nexus. On the material before it, the appellate finding that no such price effect was shown was left undisturbed, and the Revenue's challenge failed. The stated ratio is that notional interest on advance price becomes part of assessable value only when the advance is shown to have actually reduced the sale price. en-us Fri, 22 Feb 2002 00:00:00 +0530 Mon, 13 Feb 2012 12:39:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101947 Notional interest on buyer advances was treated as includible in assessable value only where the Department could prove, with evidence, a real nexus between the advance and any depression in the price of the goods. A mere assumption that the buyer would otherwise have borrowed commercially was held insufficient to establish that nexus. On the material before it, the appellate finding that no such price effect was shown was left undisturbed, and the Revenue's challenge failed. The stated ratio is that notional interest on advance price becomes part of assessable value only when the advance is shown to have actually reduced the sale price. Case-Laws Central Excise Fri, 22 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101947