https://www.taxtmi.com/circulars?id=6559 Interest accrued on security or advance deposits taken by manufacturers from buyers is includible in the assessable value of excisable goods; such deposits are treated as akin to borrowings so interest is part of the consideration and not deductible. The Board, following the Bombay High Court decision, dispenses with the need to establish a separate nexus between deposits and a reduction in sale price and modifies prior guidance that required such proof. en-us Wed, 13 Jun 1990 00:00:00 +0530 Sat, 04 Jul 2009 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6559 Interest accrued on security or advance deposits taken by manufacturers from buyers is includible in the assessable value of excisable goods; such deposits are treated as akin to borrowings so interest is part of the consideration and not deductible. The Board, following the Bombay High Court decision, dispenses with the need to establish a separate nexus between deposits and a reduction in sale price and modifies prior guidance that required such proof. Circulars Central Excise Wed, 13 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6559