https://www.taxtmi.com/caselaws?id=104372 Notional interest on customer advances was held includible in assessable value only where a nexus is shown between the advance and the price of the goods; on the record, no such nexus was established, so the valuation demand could not be sustained. A remand on a different ground was also refused because the show cause notices proceeded on a specific valuation basis, and an inquiry into an altogether fresh basis of demand would go beyond the notice. The appeals therefore succeeded, and the demand based on notional interest did not survive. en-us Wed, 10 Jun 1998 00:00:00 +0530 Tue, 28 Feb 2012 18:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104372 Notional interest on customer advances was held includible in assessable value only where a nexus is shown between the advance and the price of the goods; on the record, no such nexus was established, so the valuation demand could not be sustained. A remand on a different ground was also refused because the show cause notices proceeded on a specific valuation basis, and an inquiry into an altogether fresh basis of demand would go beyond the notice. The appeals therefore succeeded, and the demand based on notional interest did not survive. Case-Laws Central Excise Wed, 10 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104372