https://www.taxtmi.com/caselaws?id=241888 The Tribunal set aside the Revenue's duty demand and penalty imposition in a case where the Revenue added a differential interest amount to the assessable value of goods without proving any suppression of value due to the interest rate difference. The Tribunal emphasized the necessity for the Revenue to demonstrate any depression in prices resulting from interest-free advances and found no merit in the Revenue's argument as the advances in question attracted a 10% interest rate. The decision highlights the importance of establishing a direct link between advance interest rates and pricing to justify adding notional interest to the assessable value. en-us Thu, 25 Apr 2013 00:00:00 +0530 Fri, 03 Jan 2014 18:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241888 The Tribunal set aside the Revenue's duty demand and penalty imposition in a case where the Revenue added a differential interest amount to the assessable value of goods without proving any suppression of value due to the interest rate difference. The Tribunal emphasized the necessity for the Revenue to demonstrate any depression in prices resulting from interest-free advances and found no merit in the Revenue's argument as the advances in question attracted a 10% interest rate. The decision highlights the importance of establishing a direct link between advance interest rates and pricing to justify adding notional interest to the assessable value. Case-Laws Central Excise Thu, 25 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241888