https://www.taxtmi.com/circulars?id=214 Inclusion of notional interest on advance deposits in assessable value requires a demonstrable nexus between the deposit and sale price; notional interest may be added when the deposit results in lower price or special discount to the depositor, or when two distinct prices create separate buyer classes, in which case the manufacturer's benefit must be quantified. If no price difference or evidence of price reduction exists, notional interest cannot be added. When interest credited to the buyer is below normal bank rates, the shortfall represents the manufacturer's benefit and must be quantified and included. en-us Mon, 22 Jun 1998 00:00:00 +0530 Mon, 22 Sep 2008 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=214 Inclusion of notional interest on advance deposits in assessable value requires a demonstrable nexus between the deposit and sale price; notional interest may be added when the deposit results in lower price or special discount to the depositor, or when two distinct prices create separate buyer classes, in which case the manufacturer's benefit must be quantified. If no price difference or evidence of price reduction exists, notional interest cannot be added. When interest credited to the buyer is below normal bank rates, the shortfall represents the manufacturer's benefit and must be quantified and included. Circulars Central Excise Mon, 22 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/circulars?id=214