https://www.taxtmi.com/caselaws?id=246434 The Appellate Tribunal CESTAT BANGALORE dismissed the department's appeal in a valuation dispute over goods supplied to Sigma Marine and Protective coatings India Ltd. The Tribunal held that notional interest on advances should not be included in the assessable value of the goods. The Commissioner (Appeals) decision was upheld, citing relevant case law that no nexus between the advances and the assessable value had been established. The duty paid by the respondent was deemed sufficient, and no further duty amount was required to be paid. en-us Thu, 12 Apr 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:21:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246434 The Appellate Tribunal CESTAT BANGALORE dismissed the department's appeal in a valuation dispute over goods supplied to Sigma Marine and Protective coatings India Ltd. The Tribunal held that notional interest on advances should not be included in the assessable value of the goods. The Commissioner (Appeals) decision was upheld, citing relevant case law that no nexus between the advances and the assessable value had been established. The duty paid by the respondent was deemed sufficient, and no further duty amount was required to be paid. Case-Laws Central Excise Thu, 12 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246434