https://www.taxtmi.com/caselaws?id=113514 The judgment confirms the inclusion of notional interest on advances in the assessable value of catalysts, upholds the penalty under Section 11AC of the Central Excise Act, 1944, and supports the application of the extended period of limitation. The tribunal's decision is based on the nexus between interest on advances and price negotiations, as well as the appellants' admission regarding the influence of such advances on pricing. The ruling emphasizes transparency in price declarations and compliance with excise regulations to ensure fair assessment of duty liabilities. en-us Tue, 25 May 2004 00:00:00 +0530 Sat, 05 May 2012 16:12:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113514 The judgment confirms the inclusion of notional interest on advances in the assessable value of catalysts, upholds the penalty under Section 11AC of the Central Excise Act, 1944, and supports the application of the extended period of limitation. The tribunal's decision is based on the nexus between interest on advances and price negotiations, as well as the appellants' admission regarding the influence of such advances on pricing. The ruling emphasizes transparency in price declarations and compliance with excise regulations to ensure fair assessment of duty liabilities. Case-Laws Central Excise Tue, 25 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113514