https://www.taxtmi.com/caselaws?id=102927 Notional interest on advances received from customers for manufacture of machine tools to their specifications was not includible in assessable value. The valuation question was governed by the binding Supreme Court ratio and consistent Tribunal decisions, which treat customer advances as outside the price unless there is evidence that interest formed part of the consideration. No such evidence or distinguishing feature was shown, so the settled valuation principle was applied and the appellant obtained relief. en-us Tue, 12 May 1998 00:00:00 +0530 Fri, 17 Feb 2012 10:22:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102927 Notional interest on advances received from customers for manufacture of machine tools to their specifications was not includible in assessable value. The valuation question was governed by the binding Supreme Court ratio and consistent Tribunal decisions, which treat customer advances as outside the price unless there is evidence that interest formed part of the consideration. No such evidence or distinguishing feature was shown, so the settled valuation principle was applied and the appellant obtained relief. Case-Laws Central Excise Tue, 12 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102927