https://www.taxtmi.com/circulars?id=5799 Notional interest on security deposits or advances is includible in assessable value only if there is evidence that the deposit conferred a direct or indirect pecuniary advantage to the manufacturer; where identical prices are charged or interest is credited to the buyer, notional interest should not be added. The assessing officer, with Chief Commissioner approval, must use valuation procedures and cost-accounting/banking principles to quantify any benefit, and an earlier contrary circular is withdrawn. en-us Mon, 27 May 1996 00:00:00 +0530 Sat, 14 Mar 2009 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5799 Notional interest on security deposits or advances is includible in assessable value only if there is evidence that the deposit conferred a direct or indirect pecuniary advantage to the manufacturer; where identical prices are charged or interest is credited to the buyer, notional interest should not be added. The assessing officer, with Chief Commissioner approval, must use valuation procedures and cost-accounting/banking principles to quantify any benefit, and an earlier contrary circular is withdrawn. Circulars Central Excise Mon, 27 May 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5799