https://www.taxtmi.com/caselaws?id=338672 The Tribunal allowed the appeal by M/s Asea Brown Boveri Ltd., holding that notional interest on advances cannot be included in the assessable value without concrete evidence of its influence on price fixation. Relying on the ISPL Industries Ltd. case, the Tribunal emphasized the necessity for the Revenue to demonstrate the impact of advances on lowering prices. The decision underscores the importance of providing proof rather than relying on presumptions, setting aside the lower authorities' confirmed demand and highlighting the requirement for evidence in such cases. en-us Fri, 13 Jan 2017 00:00:00 +0530 Thu, 09 Feb 2017 09:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338672 The Tribunal allowed the appeal by M/s Asea Brown Boveri Ltd., holding that notional interest on advances cannot be included in the assessable value without concrete evidence of its influence on price fixation. Relying on the ISPL Industries Ltd. case, the Tribunal emphasized the necessity for the Revenue to demonstrate the impact of advances on lowering prices. The decision underscores the importance of providing proof rather than relying on presumptions, setting aside the lower authorities' confirmed demand and highlighting the requirement for evidence in such cases. Case-Laws Central Excise Fri, 13 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338672