https://www.taxtmi.com/caselaws?id=212891 The Tribunal upheld the order confirming the demand of duty, interest, and penalty on the respondent for undervaluation. The revenue's appeal against including interest charges earned on advances/deposits in the assessable value of the final product was dismissed. The Tribunal found that the advances were taken as security deposits and did not influence pricing, citing a Supreme Court judgment. It emphasized the revenue's burden to prove such influence rather than presuming it based on the receipt of advances. The decision clarified the treatment of interest charges earned on advances/deposits for duty calculation purposes. en-us Tue, 21 Jun 2011 00:00:00 +0530 Sat, 10 Aug 2013 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212891 The Tribunal upheld the order confirming the demand of duty, interest, and penalty on the respondent for undervaluation. The revenue's appeal against including interest charges earned on advances/deposits in the assessable value of the final product was dismissed. The Tribunal found that the advances were taken as security deposits and did not influence pricing, citing a Supreme Court judgment. It emphasized the revenue's burden to prove such influence rather than presuming it based on the receipt of advances. The decision clarified the treatment of interest charges earned on advances/deposits for duty calculation purposes. Case-Laws Central Excise Tue, 21 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212891