https://www.taxtmi.com/caselaws?id=104431 Notional interest on interest-free buyer advances could be included in assessable value only if the department proved a nexus between the advances and depression of the goods' price. In the absence of evidence showing that the advances caused any price reduction, the inference that the assessee avoided commercial borrowing was treated as conjecture and was insufficient to meet the burden of proof. The mere fact that advances were received from buyers who ordered the goods did not establish undervaluation, so the demand was held unsustainable. en-us Thu, 23 Mar 2000 00:00:00 +0530 Wed, 29 Feb 2012 11:03:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104431 Notional interest on interest-free buyer advances could be included in assessable value only if the department proved a nexus between the advances and depression of the goods' price. In the absence of evidence showing that the advances caused any price reduction, the inference that the assessee avoided commercial borrowing was treated as conjecture and was insufficient to meet the burden of proof. The mere fact that advances were received from buyers who ordered the goods did not establish undervaluation, so the demand was held unsustainable. Case-Laws Central Excise Thu, 23 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104431