https://www.taxtmi.com/caselaws?id=113933 Free packing materials supplied by buyers were not includible in the assessable value of colour television sets, and buyer-incurred advertisement expenses and excise duty paid on inputs under Modvat credit were also excluded. Only notional interest on security deposits was to be considered in valuation. Even after including that interest, the assessable value remained below the notification threshold, so the concessional duty rate applied and the demand and penalties were unsustainable. en-us Tue, 22 Jun 2004 00:00:00 +0530 Wed, 09 May 2012 13:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113933 Free packing materials supplied by buyers were not includible in the assessable value of colour television sets, and buyer-incurred advertisement expenses and excise duty paid on inputs under Modvat credit were also excluded. Only notional interest on security deposits was to be considered in valuation. Even after including that interest, the assessable value remained below the notification threshold, so the concessional duty rate applied and the demand and penalties were unsustainable. Case-Laws Central Excise Tue, 22 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113933