https://www.taxtmi.com/caselaws?id=259652 The Tribunal ruled in favor of the appellant, rejecting the Revenue's claim that advances taken from customers impacted the valuation of goods and led to reduced contract values. The Tribunal emphasized that notional interest on advances could not be added without concrete evidence of value suppression, highlighting the Revenue's burden to prove such impact. The judgment underscored the importance of substantiated claims in taxation matters and upheld the appellant's position that advances did not necessarily correlate with lower contract values. en-us Tue, 03 Mar 2015 00:00:00 +0530 Sat, 16 May 2015 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259652 The Tribunal ruled in favor of the appellant, rejecting the Revenue's claim that advances taken from customers impacted the valuation of goods and led to reduced contract values. The Tribunal emphasized that notional interest on advances could not be added without concrete evidence of value suppression, highlighting the Revenue's burden to prove such impact. The judgment underscored the importance of substantiated claims in taxation matters and upheld the appellant's position that advances did not necessarily correlate with lower contract values. Case-Laws Central Excise Tue, 03 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259652