https://www.taxtmi.com/caselaws?id=339359 Notional interest on interest-free advances was not includible in the assessable value where excise duty had been discharged on the principal manufacturer's sale price and that price already covered the respondent's manufacturing charges, the principal manufacturer's expenses, and profit. Under the valuation arrangement, notional interest could be added only if the respondent had adopted a cost-construction method or if the price charged to the principal manufacturer was depressed by the advance, but no such nexus or undervaluation was shown. The demand based on inclusion of notional interest was therefore unsustainable. en-us Tue, 31 Jan 2017 00:00:00 +0530 Mon, 21 Aug 2017 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339359 Notional interest on interest-free advances was not includible in the assessable value where excise duty had been discharged on the principal manufacturer's sale price and that price already covered the respondent's manufacturing charges, the principal manufacturer's expenses, and profit. Under the valuation arrangement, notional interest could be added only if the respondent had adopted a cost-construction method or if the price charged to the principal manufacturer was depressed by the advance, but no such nexus or undervaluation was shown. The demand based on inclusion of notional interest was therefore unsustainable. Case-Laws Central Excise Tue, 31 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339359