https://www.taxtmi.com/caselaws?id=217702 The Tribunal ruled in favor of the appellant, a machinery manufacturer, in a dispute over the inclusion of notional interest on advances in the assessable value of goods for excise duty calculation. The Tribunal held that notional interest should not be added unless there is evidence that the advance influenced the price, emphasizing that including notional interest without evidence is impermissible. The appellant successfully argued that the advances were not utilized as working capital and provided supporting tribunal judgments. The Tribunal granted a waiver of pre-deposit of dues and stayed the recovery pending appeal. en-us Tue, 27 Sep 2011 00:00:00 +0530 Thu, 13 Sep 2012 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217702 The Tribunal ruled in favor of the appellant, a machinery manufacturer, in a dispute over the inclusion of notional interest on advances in the assessable value of goods for excise duty calculation. The Tribunal held that notional interest should not be added unless there is evidence that the advance influenced the price, emphasizing that including notional interest without evidence is impermissible. The appellant successfully argued that the advances were not utilized as working capital and provided supporting tribunal judgments. The Tribunal granted a waiver of pre-deposit of dues and stayed the recovery pending appeal. Case-Laws Central Excise Tue, 27 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217702