https://www.taxtmi.com/caselaws?id=115646 Interest on advances received for dies and moulds is a financing charge and is not includible in transaction value where the cost of the dies and moulds has already been amortized and included in the assessable value of manufactured goods. The core duty demand based on adding such notional interest was therefore unsustainable. Connected penalties on the assessee and responsible officer also lacked foundation and were set aside. Credit relating to inputs cleared outside the factory remained payable only to the extent adjusted against an amount already paid; the appropriation and corresponding interest on that limited surviving demand remained undisturbed. en-us Wed, 29 Jun 2005 00:00:00 +0530 Tue, 10 Nov 2015 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115646 Interest on advances received for dies and moulds is a financing charge and is not includible in transaction value where the cost of the dies and moulds has already been amortized and included in the assessable value of manufactured goods. The core duty demand based on adding such notional interest was therefore unsustainable. Connected penalties on the assessee and responsible officer also lacked foundation and were set aside. Credit relating to inputs cleared outside the factory remained payable only to the extent adjusted against an amount already paid; the appropriation and corresponding interest on that limited surviving demand remained undisturbed. Case-Laws Central Excise Wed, 29 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115646